Cable Loonie

The FTSE plummeted on Friday and the US is having huge problems alongside there debt issues and the market shows this. This is music to my ears and it should be to all of you reading this.

First of all, the above chart is the GBPCAD hourly and I am short on this based on my strategy signal. Thank you for the emails this weekend regarding the profits some of you made based on my analysis for day trading on last week. I do not day trade generally but I wanted some extra money so that is the reason for these positions.

Now, going back to the markets turning down and some people are now getting very worried we are heading for a bear market with high interest rates and possible recession. If this happens then this should be putting a smile on your face. The 80/20 rule appiles here and we should start to realize good profits. I urge everyone to position themselves on the markets accordingly but be aware of the kiss goodnight (786/886).
happy trading for today.