<span style="font-family: arial, helvetica, sans-serif;">Hello,</span>

<span style="font-family: arial, helvetica, sans-serif;">Welcome to all the new subscribers from over the weekend, great to have all you guys on board.</span>

This week is an extremely busy one news wise. After my very brief overview of the market as I see it I am going to run through all the live trades that I have, with my intentions / plan. My goal as soon as possible is to reduce my risk exposure. This will be a week of grabbing profits, hopefully, and then maybe waiting until next week t0 re-establish positions. One or two trades though are on my mind.

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

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<span style="text-decoration: underline;"><strong>LIVE TRADES OVERVIEW &amp; INTENTIONS / PLAN:</strong></span>

With both the ECB Press Conference and NFP upper most on my mind. By Friday morning I am hoping that I will be just in two trades: - EURNZD and GBPNZD long. That is of course unless some momumental trade lands in my lap.

FT125
EUR/CHF - LONG
This is I will admit it a very small speculative trade made on the feeling that the SNB are going to front run the ECB and protect position by maybe increasing the EUR/CHF floor limit. My intention is to hold up the ECB press conference, if no news is released or co-ordinated by then, I do not think that anything is in the pipeline. I am only risking a maximum 76 pips, which I may tighten.

FT126
GBP/CHF - LONG
A very frustrating trade. I thought I had the EURGBP falling, and, as this is the inverse trade, coupled with the CHF weakness.....I thought happy days. Too much thinking...I think. There is pretty good support at 1.4980-1.5000 so as long as we stay elevated above this level I am sticking with it. But If it goes GREEN today or tomorrow I will probably exit.

FT127
EUR/USD -SHORT
I want to take at least 75% of this trade off the table ahead of the ECB. Looking to do this hopefully later today.

FT129
AUD/NZD - LONG
Had I not been out last night at a function, I would have exited this trade when it was  +20 pips or so. Right now it is -15pips. I will try to close it today ahead of AUD Retail Sales and certainly ahead of the RBA Rate statement.

RT84
EUR/GBP - SHORT
I want to hold onto this as I think that as long as this pair is below 0.8160, it is very bearish. I have been caught on on this pair a few times of late so my gut is telling me place a protected profit stop if it falls below 0.8100. I will tweet.

RT86
AUD/USD - SHORT
Even though I believe the AUD is heading towards 0.8000, I am going to try and exit this trade ahead of the AUD news tonight.

RT91
NZD/USD - SHORT
I have already tweeted my trade plan with this pair. I am going to reduce my position size at 0.8450 and again at 0.8420. At that stage stop to break even and hopefully let it run a bit towards 0.8000. It has been frustrating dso far though stopping at 0.8460 a couple of times....bugger!

FUN14
GBP/NZD - LONG
This trade has been going since January 27th , the first alert. Holding and looking for a 2,000 plus pip profit.

FUN24
EUR/AUD - LONG
I want to close this today.

FUN26
EUR/NZD - LONG
If this pair breaks 1.6100 and keeps going there is major, major, major resistance around 1.6800 (from memory a few weeks ago). The potential move with this pair is enormous....holding.

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<span style="text-decoration: underline;"><strong>LIMIT ORDERS WITH MY BROKERS:</strong></span>

RT89
USD/JPY - SHORT
This trade I have cancelled this morning.

RT92
GBP/USD - SHORT
I think 1.6800 is a big support level for cable.  I will NOT chase but I think that 1.6990 was the high for the year in this pair. I see 1.6450 as a downside target , which is key support.

RT95
USD/SEK - LONG
Keeping in play...currently about 200 pips above my target entry.

RT96
EUR/SEK - LONG
Keeping in play - currently about 100 pips from entry.

RT97
USD/NOK - LONG
Keeping in play for now about 300 pips away from my trigger / entry level.

RT98
USD/CAD - LONG
I have cancelled this order this morning.

FUN25
GBP/AUD - LONG
This trade has an entry level at key support just below 1.7920 or thereabouts. I will leave for now..it is over 200 pips from my target entry level.

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I hope that this has clarified my thoughts. As mentioned before, this week will be about reducing risk ahead of the big news items.

Take care today do NOT get suckered in, there is the chance of false moves ahead of the ECB and NFP etc...

Good Luck,

Scott