Disliked4:30am GBP http://www.forexfactory.com/images/m...act_medium.gif Mortgage Approvals 64K 65K 72K
More sign of worsening Housing Bubble!!! Down you Cable!!!
It's a clear BREAKOUT... no more spike please... PLEASE... I am tired of Spike / False Breakout.
I know I said I was gonna take a REST for the whole week. I "accidentally" did some occasional SCALPING earlier on to cover back losses bit by bit. Only Trading during Asian Session to avoid SPIKE. However... I left 1 SHORT position for UK News knowing there will be a HOUSING Report today... with SL on BE before the Release. Now... the SHORT looking good so far. Alhamdulillah.
Ignored
Disliked6:00am GBP http://www.forexfactory.com/images/m...act_medium.gif CBI Distributive Trades Realized -26 -3 1
UK is going down! This is what I've been trying to say on my Fundamental Analysis about UK economy since a few weeks ago. The WORST is not over yet. It's just starting. The ripple effect from US.
I did add another Short before the News having speculated the News gonna be RED from my Fundamental Analysis.
Intraday Target is about 50pips away. Further down south is highly possible from today onward. SELL FROM BOUNCE gonna be my choice to trade Cable.
p/s: 61.8% Fibbo Retracement clearly broken already. 100% Retracement is highly probable. T.A.Y.O.R!!!
Ignored
DislikedSL just got hit. Banked in nearly 200pips from Multiple Shorts... Alhamdulillah. At least covering back some Big Losses last week.
Ignored
7:01am GBP http://www.forexfactory.com/images/m...act_medium.gif Consumer Confidence -24.0 -20.0 -19.0
More and more RED data coming out from UK. My Fundamental Analysis since last month is spot on!!!
This is what happen when REALITY STRIKE.
Diejavoo for me... did the same thing like yesterday. Scalping Asian Session and let some of the positions floating for London Open. Having speculated more RED data coming out from housing sector (how many time I already stressed out that UK is experiencing Housing Bubble and Ripple Effect from US).... I did left some SHORTs with SL already on BE for the News Release.
To the Glory for those who SELL FROM BOUNCE
p/s: Yesterday Analysis was SPOT ON!!! My system seems working alright again with no SPIKE around.