Done for the week / Have a good weekend

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Closed EUR/USD +22 let me explain why I took this trade it was a discretionary trade a few hours earlier we had tested the top of the 100 lr std 2 line on the 15 min chart , it got hung up on its way down at the median I had a breakout indicator that was getting ready to signal I suspected short but did not know for sure , the trend is currently to the short side and we had a candle that closed below the median 15 min before. As I was waiting for the BR to signal I watched the pound break support and continue down that is when I decided to jump ahead of the br indicator and enter the trade.

Good Trading!!!

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Short EUR/USD 1.3955 looking for 1.3920 stop 1.4010

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Closed EUR/USD at 1.3970 +23 pips we were hitting the bottom of the 100 2 std lr line plus Geither is speaking and we have debate starting on Bernanke confirmation .

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Short EUR/USD at 1.3993 stop at 1.4065 We have a breakout indicator signaling a short and a good pullback to the 21 wave . I am a little cautious about this trade just due to the psyc level of 1.4000 but overnight we did have a 3o min bar close below it and the trend is down so I am willing to take the risk. I have set a target of 1.3955 I will watch this trade very close for any signs that the trend might be changing . Be careful today I don't think we will get any but we could see some surprises from the senate on the Bernanke confirmation

good trading

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Fomc Day

I do not trade today due to the unpredictability in the markets. The Fed could do a number of things today that could bring more risk aversion into the forex market. We do not know whether they will acknowledge the bad data in the jobs market as a slow down in the economic recovery or if they just consider it a blip in the recovery. Everyone today will watch the tone of there statement as for rates it is well believed that they will hold rates steady. For me Fomc is a watch and sit on your hands day, what it will do is help to determine whether dollar strength (risk aversion) will continue in the forex markets and continue to weight on the equity markets.

good trading!!!

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Closed EUR/USD at 1.4085 +8 used 1 hr rule to close.

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Short EUR/USD at 1.4093 on LR and DT stop 1.4123 open target

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closed GBP/USD long at 1.6158 +23

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Long GBP/USD 1.6135 at of bottom of LR and DB stop at 1.6077 target 1.6180

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Long EUR/USD at 1.4162 stop at 1.4115 targeting 1.4200 level off breakout indicator signal confirming with the 21 wave

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We were stopped out on our GBPUSD

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Short GBPUSD from 1.6138 off a breakout signal at the 1 std 100 lr line stop 1.6185

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Both signaled EUR long and GBP short stayed out of both the signal was right at the linear regression median plus with the opposite directions and the previous range on a 15 min chart it seemed too unpredictable to take a trade better to be safe and preserve capital then gamble, there is always another trade.

watching potential squeezes in both EUR and GBP

EURUSD squeeze gave an entry short about 30 min ago I passed on the entry we were very close to the .382 daily retracement of the 2009 highs so i am expecting a temporary pull back here at the 1.4100 level

closed GBPUSD at 1.6309 +14 pips closed here to be safe its the second test of a major support level it might break it it might not I just don't know so played it safe banked my 14 pips and will just watch from the sidelines.

entered gbp short at 1.6326 with a stop at 1.6389 target open looking for a break of 1 hr support

Squeeze fired to the short side and will confirm at the close of this bar on GBPUSD the pair ran during this bar right into support I am going to be cautious about chasing it at these levels will keep an eye on the 5 min chart for a possible retrace to the 21 wave and a rb then might enter short.