Good Day,

When my mother was alive she always said that patience was a virtue.

Finally the long term holdings of the USD/CHF , EUR/USD and NZD/USD are proving to profitable trades. Only the USD/CAD failed, and if I am being 100% honest, this was the pair I thought would being home the bacon!!

I have 8 live trades listed below, I do not intend to enter anymore today, but I am very interested in the CAD data at 0830 EDT. I have a feeling that the CAD numbers if good could see the USDCAD at 1.0700-1.0750, if so I will be a buyer there. I may FLASH TRADE the pair lower if I can, but not sure.

The CHF looks to be on the cusp of a really big push higher, we will need to keep our eyes on this.

Because it is a Friday and there is still a great deal of Geo-Political news in the air I will probably during the morning close of some trades, probably the duplication trades from earlier today. I am still in RISK AVERSE mode and will continue to be for sometime. Collectively, the overnight trades are now +100 pips.

&nbsp;

<span style="text-decoration: underline;"><strong>NEW TRADES ADDED OVERNIGHT (ALERTED VIA TWITTER):</strong></span>

FT113
USD/CHF
Long at 0.8808
Stop 0.8650
Limit 0.9250

FT114
EUR/USD
Short at 1.3837
Stop Loss 1.3965
Limit 1.3450

FT115
NZD/USD
Short at 0.8644
Stop Loss 0.8720
Limit 0.8000

FT116
USD/JPY
Short at 101.69
Stop Loss 102.10
Limit 98.00

&nbsp;

<span style="text-decoration: underline;"><strong>EXISTING TRADES STILL ACTIVE:</strong></span>

FT73
USD/CHF
Long at 0.8937
Stop Loss 0.8650
Limit at 0.9250
(My trade cost average is now at 0.8840..I have added three times on new lows every time)

FT77
EUR/USD
Short at 1.3744
Stop Loss 1.4025
Limit 1.3450
(My cost average on this trade is now at 1.3835. I added short near highs yesterday as Draghi stated he was able to act in June.)

FT106
NZD/USD
Short at 0.8533
Stop at 0.8920
Limit at 0.8400
(My trade cost average on this pair is now at 0.8665)

FUN14
GBP/NZD
Long at 1.9800
Stop at 1.9000
Limit at 2.2350
(This trade is hedged short at 1.9650)

Good luck today. I have a day of admin ahead of me, I missed a day this week being in downtown Montreal plus half a day yesterday taking one of my dogs to the vets.

Plus I need to gather data for the blog tomorrow.

Scott