Well, so far this morning, the Europeans and the Brits have failed to push the GBP/USD very far in either direction. The price has been stuck between 1.6320 and 1.6440 for more than 24 hours. My pending orders are still pending, and I'm bored with them.
In less than 20 minutes, the Services PMI report will be released in Britain, and it appears that the market is just waiting to see what that report brings. I'm not a "news" trader, so I'm going to cancel my pending orders and call it a week.
The G/U Breakout Strategy, plus a little common sense, kept me out of the market this morning, and that's a good thing. A trading plan that keeps you from taking bad trades is a pretty damn good plan.
I hope you all have a marvelous weekend.
To my fellow countrymen: Fly the flag, watch some fireworks, and cherish your freedom.
Clint
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