Forex: What I traded today.

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By Benny Nardino | December 21, 2005

The Cable was a good trade for me today heading south. This morning looking at the GBP/USD on the hourly time frame, I was anticipating a breakout on the downside at 1.7560/75 range. So it did. Although this did not happen when I had wanted it but my patient eventually paid off. I manage to get in at 1.7552 after it broke my trendline for the second time in an hour. I rode it and exited at 1.7408. Although it eventually went through the 1.7400 mark the trade had exceeded my expectation at 7408 therefore, I took my profit. That was not a bad job for a day’s work wneh you consider that my daily expectation is 50pips.

Here is my chart as it unfolded this morning… GBP/USD - 15 mins.

It was a handsome 144 pips today. I can train you on how to spot these hidden riches in the Forex market. Please feel free to comment on this page. Your feedback is highly appreciated.

Happy trading

Benny Nardino

“A Mentor’s footprint is worth more that a thousand footprints of an unmentored trailblazer.”

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