Good Day,

Welcome to the new subscribers from over the weekend.

The membership / subscriber base is almost even based upon geographical location. Even when I compare TRIAL subscriptions to FULL -TIME subscriptions. We are in the 40's from North American and mid 40's from Rest of the World on the TRIAL subscribers.
With regards to FULL -TIME subscriptions Asia and Europe dominate.....but when added to gather they balance out with North American subscriptions. It just shows you how quiet and boring the market is that am breaking my analysis of members down to micro upon micro level.

<span style="text-decoration: underline;"><strong>OVERVIEW:</strong></span>

We had movement off the back of HSBC Flash CNY PMi data a positive number above 50 and it broke the trend. The AUD jumped and took the NZD with it. I decided not to close AUD/USD and NZD/USD shorts neither the GBP/AUD long. I was tempted by decided against it. The AUD/USD and NZD/USD shorts I will add to my shorts if they break up to my resistance levels and the GBP/AUD is a very long-term FUNDAMENTAL TRADE. I will hedge if it goes negative  by 150 pips. This is a very small trade until it is over 150 pips profit so I am not too worried about this trade.

EUR PMi data was weak from a few hours ago and this should keep the EUR/USD pressured...although as I am typing this it is firming...typical!!

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<span style="text-decoration: underline;"><strong>TRADES OVERVIEW:</strong></span>

Not adding more trades, not removing trades and ALL limit orders are still in play.

I cannot get my charts to save at the moment..I will try once again later and tweet them with regards to the three trade ideas below. I am already long GBP/USD and I will add on dips and I am looking to get short USD/CAD on rallies.

<span style="text-decoration: underline;"><strong>EUR/USD:</strong></span>
If you are not yet in the EUR/USD here is a trade idea.
200 DAY SMA is at 1.3660.
I have a <span style="text-decoration: underline;"><strong>bearish bias</strong></span> and I think that below 1.3450 it get nasty for the EUR/USD.
The EUR is consolidating at the moment and it is in a tight trading range 1.3575 to 1.3620.
Play the range, but take small positions and place stops 15-20 pips above or below the limits.

I AM NOT ADDING TO EXISTING SHORT POSITION SIZE.

<span style="text-decoration: underline;"><strong>GBP/USD:</strong></span>
The breakout was at 1.6983.
1.7040 was the 2009 high and this is really holding the topside.
1.7065 the recent stop loss run above the 2009 highs is a 127% Fib extension.
Play the 1.6980 to 1.7040 range.

COULD BE GOOD TO BUY DIPS TO 1.6980.

<span style="text-decoration: underline;"><strong>USD/CAD:</strong></span>
1.0610 is weekly Chart trend line support and 61.85 fib.
1.0716 is the 161% Fib extension of the recent full move higher.
The 200 DAY SMA is at 1.0775.

COULD BE GOOD TO SELL RALLIES INTO THE 200 DAY SMA.

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FYi - LIMIT ORDER TRADES RT108 and RT109 are timed out.

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Good luck today...as I am in 9 live trades my goal today will be to hopefully see them develop into profits after the CNY and EUR PMI data. There are also 7 limit order trades in place.

Scott