Cable Consolidation Breakout +20 pips

It’s been a very jumpy morning on the intraday charts.

I had a signal to take GForce long this morning and even though I had a view that it might not trigger or if it did trigger then the likelihood of getting 70 pips was slim (with it having to break the big 1.600) I placed the trade as it is a purely mechanical setup. The order to go long expired at 0830 this morning but in the meantime I have taken a short position on cable with entry at 1.5924 original stop at 1.5947 and a first target of 1.5904 which has been fulfilled.

I am now 75% out of the position with my stop at breakeven.

This afternoon my daughter and I are off up to London to see Mamma Mia with some friends which should be great! I’ve done my homework and watched the movie on DVD this week…..I’m so excited 🙂

Dancing Queen signing off until next week.

Happy trading