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Weekend Trading Update. Cable Rallies On Bullish Comments From Mervyn King.

Cable Rallies On Bullish Comments From Mervyn KingCable rallied 200 pips on Thursday and Friday on the back of bullish comments from bank of England governor Mervyn King.

King indicated that the recovery in the UK was in sight and that quantitative easing had been a success. He also hinted yesterday that he would recommend more easing which saw a small sell off in Cable late on.

Here are the trades i took this week.

Monday was not a good day the price action was pretty poor, and i did not get a trade on Monday unfortunately.

Tuesday i had 2 trades for 55 pips. I took Cable long at 14885 up to 14910 for 25 pips. I also took Cable short at 14895 down to 14865 for 30 pips.

Wednesday i took 3 trades for 115 pips. I took Euro short at 13012 down to 12968 for 44 pips. I also took Euro long at 12965 up to 12982 for 17 pips. I also took Cable short at 14980 down to 14926 for 54 pips.

Thursday i took 2 trades for 104 pips. I took Euro long at 12933 up to 12977 for 44 pips. I also took Cable long at 14930 up to 14990 for 60 pips.

Friday i took 3 trades for 127 pips. I took Cable short at 15156 down to 15111 for 45 pips. I also took Euro short at 13096 down to 13050 for 46 pips. I also took EJ short at 12570 down to 12534 for 36 pips.

Total trades for the week 10, total pips 401.

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