Nice early trade..

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See how our 6 strategies gave us the buy signal at 7am this morning.  Having moved over 130 pips in 2.5 hours, it was a very nice trade.  Price hit the target of 1.7580 which was the previous resistance and trade was closed.  It is as simple as that.  Have the strategies, scan the markets, place in your trendlines and support & resistance and place the trade!

As I mentioned last night on the news release, with the amount of news out today, both Chris and I will be staying out of the markets – no intraday trading now due to the amount of news out.  It is just silly to trade when there is so much news so factor into the equation as you just end up chasing losing trades!  If you really want to trade – take a look at the pairs that possibly may not be effected by the news out today.  I take this opportunity to catch up on other projects and spend time with my family.

We will be back later with long term trade up dates so see if our trades have broken their support and resistance levels and given us entry points.  At present we are long on the AUDUSD and GBPUSD and short on the USDCAD.

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