Good Day,

Wow...that is all I can say after yesterday's price action.

I had a technical / connection nightmare thrown in for good measure with a free thunder storm for good measure with a power outage. It was hellish for me all in all for about 1.5  hours but for 30-45 minutes I had nothing, I even lost cell phone connection due to the storm (my third internet connection alternative).  BQ, pointed out to me that I posted on twitter that I had entered trades then I posted I was stopped out.....no levels, stops or limits. During the connectivity crisis I was taken to the cleaners. I had managed to load stops to replace the automatic stops I have in place when entering enter trades, had I not been able to this, my loss would have been trebled. As I explained to BQ yesterday, I was able to amend the stops by about 5 seconds before we had a power outage, and the generator did NOT kick start.

Moving on, I need to put yesterday out of my head.

The question that I was asked 7 times yesterday was why did the EUR/USD make such an about turn?

I wish I knew exactly. I have read articles about what Draghi did was basically what was already priced in. He did pave the way clear to do Quantitative Easing without actually doing it, and, I have written on LinkedIn, Twitter and Blogs stating that without "full-on" QE the market would sell-off on the knee-jerk and then bounce...that is in effect what happened. For what it is worth, my thoughts are that as soon as he said that estimated projections for the EUR/USD exchange rate were based on 1.3800, the EUR/USD stopped falling, consolidated and then squeezed.