A Subdued London Session and Missed Opportunites Tuesday

European Session

No. of signal recommendations: 2

End-of-session results: USD/CHF(-15 pips) & GBP/JPY (-70 pips SL)

Maximum potential: +5

Own P/L: -4 pips & No trade

The system coped well with USD-base major currency pairs despite not making positive progress in the last few days. We started brightly for the month and at present the April's results are still in slight positive territory. It is an uncertain period when the US dollar continues to gain ground against the sterling pound while the Euro still hovers near a record high against the dollar. The markets seem to lack of price correlation at the moment.

US Session
No trade

A missed opportunity to capitalise on some really good news (i.e. PPI, Empire State Index and TIC) for the US dollar in the US pre-opening session. On hindsight, I should have kept my long USD/CHF position this morning by letting it to run a little bit longer (as the momentum starts to build up). The market sentiment indicator has hinted the right direction but the signal software couldn't pick up the right entry.

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