Good thing the actual figure came in much worse than expected. This caused Cable to drop below the bottom weekly ATR. I was aiming for the previous day low but it didn't reach that far. I just decided to lock in profits at 1.5360.
From there, the price kept zooming higher even after the release of the ADP non-farm employment report. Worse than expected results led to a dollar selloff and pushed the Cable to the previous day high. Now that level coincides with the 61.8% retracement level on the 1-hour chart. I was already eyeing that area earlier today, thinking of placing another short order there. But since I knew I wouldn't be able to watch the charts later on, I decided against it. That probably would've netted me a nice additional 30 pips for the day but I'm okay with the first 40 ones I bagged this afternoon.
Yay! Started September right! Hopefully I can keep this up.
P/L: 40 pips / $35
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