In this video we take a look at a fascinating chart for cable on the ten minute timeframe, and which has several takeaway lessons. First this shows the dramatic changes in volume and activity across the various timeframes and using the NinjaTrader platform. Second we see the dangers of the crossover periods as one market joins another, and the reversals which are so common during these periods of the trading day. London is the classic and as you will see from the video a nice trap was created during the European open and promptly reversed into the extended bearish trend thereafter. Finally on this chart we see an example of a V shaped rally – yes they do happen but not that often. Rest assured the price action is more likely to develop into consolidation, but on this occasion was also helped by fundamental news which arrives 30 minutes after the open and so helps to drive USD sentiment shortly after.