Quick Grab

Played the announcement for a quick $5 grab on the Eur/Usd. Watching for the Eur/Usd to continue a move below 1.1985 on the down side or a retracement above 1.2115. Either brake should generate a move of 100 pips or more.

Also entered the Gbp/Jpy on a price pattern looking for nearly 200 pips with a 50 pip stop, 4 to 1 RR ratio. Gold has pulled back due to the interest rate change. Money moving from gold to a potential interest play with the dollar.

Blake Young
Random Acts of Forex