It seems that after the G8 meeting the market condition is some what choppy and directionless. All the currency pairs that I monitor since Monday (EURUSD, GBPUSD & USDJPY) are all flats with only some minor micro trend (as I called it). So I better stay aside for a while. Even with my auto trading for the EURUSD I have switched it off for the time being to mitigate the risk of higher drawdowns. Because my auto trading system (EA as some of you might called it) will have the habit of triggering pending orders every 4-hour, and some time it place trades against the trend which can be very unpleasing.
Catch you up latter for the day for any trading updates. Happy trading guys ;)