Forex - 12/19/05

So, last night I was looking at cable (GBPUSD)using my wma cross and thinking I should short at 1.7685. Here's the chart I was looking at:

I've only been trading this system for a few months, but I know it works because in the morning hours (4:00 am EST - 6:00 am EST) Cable makes a move.

Here's what happened:

It would've been good for 30 pips if i entered at 1.7685 and it hit my first target at 1.7655. From now on that's what i'll do...check the cross at about 2 am EST and if it looks good...go for it!

Right now I'm looking for a new trade idea, so stay tuned!!! - TraderVlad