Wednesday, August 31, 2005

Asian session trade

Cable - short @ 1.7872

I rarely trade the asian session but was sitting here and this was too tempting. The Asian session rarely breaks out of the US session high or low.
The hourly chart (not shown) CCI has turned over nicely from almost 200. And the 17 EMA is acting as resistance.
The 15 min has been trying to breakout the S1 pivot (green line 15 min chart) and we've had a 1-2-3 at the 5 min bolinger band. My SL is now at BE and looking for a decline now till about 6am UK BST, maybe more. 1.7845 is first target, then 1.7820.

// posted by Magpie @ 3:36 pm
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