Update
8:17 AM
Ovia
Sorry for the total lack of updates of late and there wont be any more for the next week or so.
Im off on holiday on Monday for a week in the sunny climbs of Gran Canaria.
Before i finish off today (friday) ill be placng a long position trade on cable with the view that on Monday or Tuesday we will see a turn in the market which will break new highs by the end of the week - for those who are part of the hilda crew just take a look at the daily chart on the new setup weve been convering this week and you'll see why im looking long.
The position will only be small relatively speaking at £5 a pip with a stop at 1.7370 which is see as below major major support
im in now - whilst writing this, entered at 1.7500 - the 7370 stop is a risk of 130 pips for £650 with a target of 1.8200 = 700 pips = £3500 so r/r on this trade is around 5:1 if target is met - dont think it will be hit by my return, a more expectant figure of 1.80 will do
back on Tuesday 15th so keep an eye on the trade for me wont ya :)
From The Desk Of ...
Soultrader
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