Swinging Cable

This is a discussion on Swinging Cable within the Discretionary Trading forums, part of the Methods category; Just lately I have been reading up on swing trading and just started Marc Rivallands book. I was wondering how ...

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Old Dec 3, 2007, 11:59am   #1
Joined Aug 2007
Swinging Cable

Just lately I have been reading up on swing trading and just started Marc Rivallands book.
I was wondering how this type of trading might work on the Forex? does anyone trade this?
I have a link to a Daily chart of the GBP/USD below which i have marked up and was hoping someone might take a look and let me have comments. Basically the green bars are up, red down, the blue represents major indecision, the red boxes are inside days and the red lines at the base of the bars indicate swing lows with pale reds being false lows.
Looks like we could have an opportunity tomorrow if cable doesent push up too high today?

http://img521.imageshack.us/img521/8118/gbpusdiu0.jpg

Cheers,
Steve
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