Posted by millionaire | Friday, March 14, 2008 | | 0 comments »


cable still have no sign to the downside,look like rally still in progress toward 2.0450,i prefer to stand aside today since my target around 2.0350 was hit,in my sight,cable only have a reversal if the price today close below 2.0230,currently,when i looking back to my 4h chart,cable now haunting in the range 2.0240 to 2.0340,while the downside limited at 2.0230,this is a best chance to buy low,in case price continue hiking u could just buy stop around 2.0340 to 2.0350 to the potential target around 2.0450,don't forget to put 50pips sl because if price hit 2.0300 level,cable should retrace then landing around 2.0240 to 2.0230..so don't be hasty,watch out the minor range 2.0300 to 2.0340.get in for sell if price hit 2.0300 and u possible earn 50pips then buy if price hit 2.0340 u could get a big reward around 110pips,while there is no guarantee in market u should always care about your capital protection,do your best money management and get in the battle free with no worry at all.because u have the rule to enter or exit,smile when u got a reward and take your loses as an education for a biggest reward next.goodd luck and happy trading;)

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