Trading Day 10/24/06

Today, Tuesday, started off flat. No obvious set-ups and no signals giving a hint to which way any of the currencies would move.

So ... I did the only halfway bright thing I could do ... I stayed out!

It wasn't until around 11:00 that anything of interest went on when the EUR broke above it's high for the day. I hit the Buy key at 1.2558 ... then did the same with GBP at 1.8729. Prices moved steadily higher until just before noon and I exited when they appeared to stall picking up 13 pips on the EUR and 21 on the GBP. A total of 34 pips in about 35 minutes ... I'm done for the day!