Monday, April 6, 2009

Textbook London opening

First trade was wrong: trendline break not confirmed, CCI falling and trade against the spine (thick blue line). The trades that followed were more straight forwarded, net total of 13,6 pips for this session.

Price had a false break of the Asian low, just to collect some stops and then continued the other way. A textbook reversal of London opening. I learned my lesson and closed early to keep some pips.

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