Hey Guys,

I am in a rush today…. busy day so I cant get the full analysis out. Hopefully this short and quick version will suffice until I can get the video out.

We had a succeful trade last week on the break of the 150.00 line. If you got in early at about 149.80 you could have made 70 pips or more. I didnt trade this one myself as I was busy but I would have opted for the safer 150.00. Either was this was a profitable trade!

This week I see three lines:

Do not take any of these trades unless you have downloaded and read the NEW 2010 edition free e-Book explaining my method.

These are all scalp lines therefore the target and stop for all of them is 50 pips.

1. Long @ 151.55 – strong line

Ok this is a great line. We can see a strong move up from the 135.60 area followed by a strong reversal at our line. This formed a great little scalp line. I will be targeting 50 pips on a break of this line with a 50 pip stop loss. This line has been around for weeks though so be on the lookout for fake breaks. I will be watching this one like a hawk.

2. Long @ 150.90 – weak line

This is a weak line, last week we had a weak move to the line and a weak reversal. We also has what looks like a second attempt but it did not get close enough to convince me this is a good line. An alternative would be to enter at the 151.00 as that would double as a psych level. I will trade this one but cautiously.

3. Short @ 146.95 – average line

Based on the move tot he line and the reversal I would consider this a weak line. However, when you add in the fact that it comes right after a break of the 147.00 psych level it gives me a little more confidence. This is a weak/average line. I will trade this one but again I will do so cautiously.

4. Other lines

As usual other lines are likely to form during the week so keep an eye out. I will update the analysis if any new lines form.