5-7-09 So much news so little happening

This morning was a classic example of a day where there was lots of news but little conviction. At least early on.

First trade went back to breakeven as the spread widened me out of my stop. Second trade never had a chance to go anywhere. Took some profits on my third trade and still holding for the next value area. We'll see where it gets to.

Closed positions -5 pips on 60k. Still have 1 20k trade open short.

LT