Wednesday 28 April

First Sovereign CDS go up, then bond yields blow out and then the currency drops.  Every Euro drop has been preceeded by this.

Which is why this isn't good news for sterling:  http://www.zerohedge.com/article/red-lights-flashing-uk-credit-spreads-according-cds-market

and this isn't good for Euro:  http://www.telegraph.co.uk/finance/economics/7640783/ECB-may-have-to-turn-to-nuclear-option-to-prevent-Southern-European-debt-collapse.html

It is very spooky that the US indices did not bounce and closed so bearish last night and I am not just saying that because of the full moon.  Full moons and new moons are often turning points for the FTSE and sterling.  Lets see what today does.

USDCAD short stopped out (-1R)
CRUDE long stopped out (-1R)
CRUDE long 82.00 stop 81.70 target 83.30 countertrend
CRUDE long closed 50% @ 3R 82.90 (+1.5R)
EURUSD short 1.3260 stop 1.3280 target 1.3150 / 1.30
GBPJPY long closed 1.4330 (+2.6R)
AUDJPY short 87.00 stop 87.20 PT  84.50/83.80
CRUDE long closed balance 82.60 (+1R) - waiting for US open now
AUDUSD short 0.9240 stop 0.9255 PT 0.9130
Im doubled up Aussie, I know.  Bad
CRUDE short 82.40 stop 82.70 PT 80
CRUDE stopped out breakeven post inventories
EURAUD short 1.4350 stop 1.440 daily inside bar break
AUDUSD closed breakeven.  Not looking good.
AUDJPY closed 86.80 (+1R) "
EURUSD closed 50% @ 1.3150 (+1.5R)
EURUSD closed 1.3175 post FOMC
CRUDE long 80.03 stop 82.63, post FOMC, PT 84.50
CRUDE long closed 80.30 - no bounce (+0.67R)
Asian session:
EURUSD short 1.32 stop 1.3225 PT parity :)
AUDJPY short 86.80 stop 87.10 PT 85.60
NZDUSD short 0.7180 stop 0.7210 PT 0.71 / 0.67
GBPJPY short 1.4255 stop 1.4305 TP 1.4105/1.39 - 4hr bear flag
AUDJPY stopped out (-R)
EURUSD stopped out (-1R)

Open trades:

EURAUD short 1.4350 stop 1.440

NZDUSD short 0.7180 stop 0.7210
GBPJPY short 1.4255 stop 1.4305