My trading day has helped to reinforce my normal belief that most breakouts are traps. I very rarely take them. I didnt last week and they all worked. Those of you that have been in markets for a while will know that the environment can be cruel.
No more breakouts. I take them at the level or dont bother.
The Euro$ should be shorted at these levels. Its late in the day and the markets will still be here in the morning. I will look for low risk high rewards trades in the morning. If they are there I will trade them . If not I will go and drink coffee and read the FT.
Have a fun evening
David
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