24th Aug channel trade

TVC:UKX   UK 100 Index
All quiet before the GDP numbers - remember that higher than forecast strengthens the currency and will lower the demand for the associated indices. The DAX and NIKKEI aren't moving either. We have gaps pulling us down. But trying to short yesterday frustratingly didn't pay off.

I've got into a terrible habit of buying at the top trying to go with trends, what I really need to do is just hang on to my reversals even longer and get the whole movement maybe multi-day. Been using the 15min for trend definition. Heiken ashi is a good bet too.


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