We understand! EUR GBP to be tired!

Good evening ladies and gentlemen

I hope you had an inspirational day in the market and managed to get the love you deserve. Yes you are all beautiful people ...... in your own way.......

I'd like to start this update by thanking our Mentor for the sound advice he has given us on his own updates on our sister websites. As a Day Walker, I look for small and regular. Everything else is a bonus! Also to keep our minds fresh, my cousin Imran and I break up our day with working out consistently, Pro Evolution Soccer on the PS2 and treating ourselves to a nice meal or a night out or a mini shopping spree at the weekend! We learnt that sitting and staring at the computer all day everyday is counter productive on many levels!!

So lets see how the gorgoeus EURGBP behaved today. From Friday last week we have had plenty of opportunites for love taking but she seems to have temporarily run out of steam with a small wicked doji at the end of play. We are still above the R line that was broken yesterday and MACD is looking strong but what bout RSI and any of your other indicators of choice? What will happen who knows! Will she want to find comfort round the previous STRONG RN? Will she recharge and bounce up? Only time will tell! Smart Money will be ready what ever happens!

There was little movement which meant opportunites for us Day Walkers!! I have chosen the 1 hour chart to put under the microscope today. The Smart Money amongst us would have jumped into the party with DJ Derek Divergence, RN Ronnie and new gang member Drummer DT. A strategically placed stop would also have helped! Some may have chosen to go short earlier in the day if you confluences were there!!!

With regards to the Riddle, JMA is back on form and was indeed said by Christopher Morley. Well done to those who got it! The answer to your riddle, Sir, was said by an American Opera singer from the 1920s called Beverley Sills and is "You may be disappointed if you fail, but you are doomed if you don't try!"

My riddle for today is by a well known author to many of us Traders but is good to be reminded:

"The starting point of all achievement is ______!"

Answers tomorrow

Abundance is your Birth Right

Zaheer Anwari