Good Morning,

Via Twitter (if you are using @ThePremService) you will know that I closed all JPY trades except USD/JPY and SEK/JPY. These multiple trades I had hoped to exit last night but the fall never happened until this morning and not for reasons that I was expecting. It looked like the U.S. equity markets reacted to poor financial results from JP Morgan. In any event, I'll take it..... and I banked +151 pips from the JPY pairs.

It looks like we could be in for an interesting day today. All the leads will come from the equities markets. I will be looking at all my open positions to limit risk exposure going into the weekend. The markets right now do not look healthy the DOW FUTURES -70 points and EUR/USD at the lows of the day. This would indicate to me that the markets are now becoming more risk averse and from this I would imagine that the USD would gain more strength, or rather get some strength.

Take you leads today from equities. The only trades I will play with today adding are USD/JPY short and USD/CAD long I may add again before lunch to further improve cost average and profitability potential, particularly as it could squeeze today.

The USD/CAD  is on the tear this morning moving up very nicely and looking at the 60 minute chart there appears to be an inverted head and shoulders pattern in play with a measured move up 1.1040.

My goals today are: -
<ol>
	<li>Limit risk exposure going into the weekend.</li>
	<li>I would like to cover part of my USD/CAD long as high as I can and amend the stop loss position.</li>
	<li>Reduce position size on USD/SEK</li>
	<li>Reduce position size and manage stops on NZD/USD.</li>
</ol>
Above all today. Trade carefully......remember it is a FRIDAY

Scott