Last week Cable moved to the resistance level R2, which is a three-week resistance level and on daily charts a Cup and Handle formation.  So watch out next week for a major breakout North or rollover heading South.  Either way we anticipate above average directional move.

Our (2011) Double Edge Blade strategy generated $286.50 in profits with three trades. See equity curve:
 

Our (2010) Cable Ambush strategy generated only $65.76, with only one trade this week. See below:


This once again show the importance of continuous innovation, as markets continuously change their behaviour.