Thursday, January 27, 2011


Cable is hanging around just below confluence. A break below 1.5880 and then 1.5853 would signal that it can't carry another advance into the 1.6000 region. The pair needs to get above 1.6059 to hint at a bullish uptrend and higher highs.

© Dianne Fecteau, 2010. No part of this material may be reproduced in any form, or referred to in any other publication, without the express written permission of the author.

My purpose in writing this blog is to show you how one trader, me, makes trading decisions and survives while trading Forex. One of the biggest problems I had when I first started trading was trying to apply the “rules” to actual trades. Another was the psychology—limiting losses and letting profits run. If you study my blog, you’ll see how I deal with both those issues. So my writings are not trade recommendations but rather educational in purpose. You have to decide on your own approach to trading. Remember that trading is risky.

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