Today (February 21) was a vvveeerrrryy slow session in advance of the FOMC meeting minutes being released at 1:00 PM CST.

There was the GBP inflation hearings going on at 8:15 that promised extended and unpredictable volatility in the pound pairs.  There had been a good CDM downward overnight so I jumped on a yellow-line (YL) trade in both the GBPUSD and the GBPJPY about 7:30, hoping to capture a few pips before the hearings began.  I was stopped out fairly quickly on the GBPUSD.  The GBPJPY hung on for a while, but I ended up punching out of it for -7.4 shortly before the hearings began.

I had an RBO set up in NZDUSD trigger later in the moring, but it went nowhere and ended up a full stop.  So I was down 27 pips.

The AUD, while technically in a CDM downward (both the AUDUSD and AUDJPY), it seemed anemic to me, so I wasn’t terribly enthusiastic.  I eventually jumped into both pairs on YL trades, but, after they went back and forth a couple candles, I decided that, in a no-follow-thru environment, I could justify taking a small scalp on them.  I punched out of them for about 5 pips each.  In typical fashion, they both continued down, and, had I been more patient I could have picked up another 10 or 15.

With nothing happening, I elected to close up shop and wait for the news trade on FOMC.

Net for the morning: 5 trades, 2 wins, 3 losses, for <17.4>.