Boring Night...

Good lord this was a boring night of trading. Everyone was focused on what was going to happen to Freddie Mac and Fannie Mae up until early today when the Fed released it's Backstop(bailout) Plan for the beleaguered mortgage giants. Add to that the IndyMac Bank failure news and you get a market that doesn't know which way to go.

I was able to scalp a couple of trades. One was a usd/chf (swissy) trade for +8 and the other shown below for +18 on eur/usd. Better than a loss any day.

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