Tips & general help to make you a better trader by 
Hi Folks,
Just thinking out loud here, so excuse the randomness of the comments.
UK and Euro zone Interest rates didn’t spark any interest in movements (excuse the pun), price is being pushed up and down once again on the USD cross rates and not really giving me a direction for the day so far and now all eyes appear to be on ISM at 3pm UK hours today which as I recall last time sent the market short term nuts.
There still appears to be no stopping the USD advance particularly against the GBP (Thank you Darling 
)
Overall the USD trend is still bullish but intraday USD is so far weakening with bearish intent… doesn’t that sound posh… who cares all this information is on the charts folks and all I’m doing is stating whats already happened so its nothing fancy or complicated to see this…. Say what you see folks the first 2 of the 3 basic questions I’m sure will tell you this.
So whats going to happen?
Well I don’t know and I don’t care… but this is what I’m going to do. Ideally I’m looking for new highs or lows for the day wit profit potential based on an average days move for the currency pairs I’m looking at. There are also some Fib retracements setting up and I will be assessing price action to suggest direction post news… hey and guess what… remember Wednesdays Training session?… If it goes up making higher highs higher lows I’m going to buy… If it goes down making lower highs lower lows I’m going to sell…. and IF it doesn’t make either new highs or new lows with profit potential then I’m going to step aside and live to trade another day.
That’s the plan… let see how it works out.
Happy Trading
Phil