Breakout, oh Breakout............

GGGRRRRRRRRRRRRRRRRRRRRR!!!!!

Yep, yep, yep, my breakout activated, hit +25, then retraced and hit my SL at B/E. I'm beginning to sound like a broken record. Nothing else to discuss about this, but read an interesting article yesterday that may interest you breakout traders. See below:

"The markets have been extremely difficult to trade over the last 2 weeks in particluar, because of the negative correlation across most currency pairs imposed by problems in the European Union (Greece debt problems). For example, GBPUSD and EURUSD enjoyed a correlation factor of .88 for the last 2 years. The last weeks it was at 0.01! So GBPUSD and EURUSD moves together 88% of the time until the Greece problem hit! I am sure you know that the best breakouts occur when the currency pairs are moving together. This is not happening freely anymore"

My scalper is going pretty well, today I have EU = +42.8 and EJ = -14.5, but currently in another Short trade from 12427, 1st target is 12409 and the 2nd target is 12391, so fingers crossed i can get a result here, but it seems to want to go up at the minute???

Results for the month so far:
Breakout = -75
Scalper = +317.6 (with 1 trade still active)

That's it for today - come on EJ you toad!!!