Wednesday, 9 June 2010

15 minute chart of Cable 9th June 11am


As you can see from this image of the 15 minute Cable chart, there was a move up this morning. I wasn't confident with the buy signal as it bounced off the midian line with a doji candle - experience has told me to stay clear of such bounces. In this case I missed a trade, but there will be many more where I'll be glad I steered clear.
As you can see, the charts are now forming the dreaded General Grievous from Star Wars intraday pattern, and prices in conjestion, due to the influence of the dark side of the force. I'm staying the hell out of there until I get a clear signal. (Or until I've passed my Jedi Knight trials)

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