GBP TRADE UPDATE 5-21-07

TAKE YOUR PROFITS ON ALL GBP SHORT POSITIONS ON ALL TIME FRAMES AT THE CLOSE OF THE CURRENT 4HR BAR WHICH CLOSES AT 8:00 AM EST. I'M NOT SAYING THE TARGET OF 9658 WON'T BE HIT, I'M SAYING WE'VE CAPTURED A NICE MOVE DOWN FROM 9767 AND NO NEED TO TRY TO SQUEEZE EVERY LAST DROP FROM A TRADE. IN OTHER WORDS, NO NEED FOR GREED.

TOO OFTEN 8:00 AM IS REVERSAL TIME SO BE SAFE. YOU WILL NEVER GO BROKE TAKING A PROFIT TOO EARLY BUT YOU CAN GO BROKE TAKING A PROFIT TOO LATE.

JERRY