Coming back to this Cable trade; it has played out as predicted/ hoped for, and we've seen some good bullish momentum on the 4 hr chart. It's always tempting to lock in profits at this stage in any trade; but as Lefevere notes, (and I have to keep reminding myself!): it is far too easy to "hope when you should fear and fear when you should hope". So I will stay with this trade in order to justify the initial risk taken and hope to run it further as planned or get stopped out for a scratch; unless there is a really obvious price action sell signal at these critical levels in which case I will be looking to Cut-and-Reverse. Going into the U.S trading session will be watching to see the markets reaction to the Consumer Confidence figures to give a clue to underlying sentiment.
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