It's ok - your assessment is good so far... 3511 short was a good trade definitely. They key is to become an expert spotting levels. Keep and eye @80-85 area...I am sitting on my hands - ISM report is coming...

The System III (Oh no!)

Guys Be careful with reports/news etc. Especially when you have something at 8:30 and 10:00 like today.

The System III (Oh no!)

Dave. I think 3460-65 looks better for support. 3500 has been crossed many times - I won't count on that level. 85 is holding - Report came out negative...

The System III (Oh no!)

All depends...1-2% average is a standard rule. If I have a profitable day-week etc. and I see more opportunities for trading, I "normally" decrease my load. Always keep an eye on your bottom line.

The System III (Oh no!)

we're going to have a rocky ride this morning!

The System III (Oh no!)

Yes I do. That's something I teach.

The System III (Oh no!)

Sorry guys I am kinda busy I forgot to post my trade. I am short @3478 looking for 3417 - stop now trailed to 3512. I cut the trade @40 - not enough liquidity for a push down....Anyway I bank some pips....

The System III (Oh no!)

Oh I forgot - keep an eye on 1.3567....Now we had a breakout - let's see what happens....

The System III (Oh no!)

Level I am watching now.....at least my spread is too high for my taste.

The System III (Oh no!)

I don't have my ear on the ground ....There was and ADP report coming out @ 8:15...... Oanda spreads are fluctuating too high for my taste!

The System III (Oh no!)

spread on my side is 2.9 pips!!

The System III (Oh no!)

No problem buddy!

The System III (Oh no!)

This is what I am looking right now... Dim, congrats on your trade..

The System III (Oh no!)

Round numbers are shark infested waters. Sometimes they work, sometimes they don't. Don't dwell too much in that.

The System III (Oh no!)

Currency futures have some weight on the dollar lately. Last time I check their volume was around 60 billion dollars traded per day. Not a whole lot but I suspect banks hide behind that curtain. If they're trading multiple markets, expect to see ...

The System III (Oh no!)

The trade was a late one - still can work. Means the liquidity stalls but there's still room for trading USD pairs runs on high gear from 2:00 AM EST to 10-11 AM EST - after that liquidity stalls. Need more patience if you have a trade working like ...

The System III (Oh no!)

long@ 3321 - stop @3280 - target 3383.....let's see what happens...

The System III (Oh no!)

looking @ 94 83 area....still sitting on my hands...

The System III (Oh no!)

I placed a temporary level @ 3305 just in case......just temporary....The market will be on a rocky mode today......we need some bulls.......

The System III (Oh no!)

3305 area is holding...sitting on my hands....

The System III (Oh no!)