Monday, 10 September 2007

Cable - FX Money Map

This is an example of how non-technical levels dictate exit levels. Although good entry levels can be derived by mathematical systems (pivots and fibs for example), exit levels are much more problematical. Please note, I didn't take this trade because Cable was moving sideways in a channel. This raises the chance of being reversed out of apparent breakouts.

Best regards
Morty Sill

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