As always today's rundown of trading and market commentary was live blogged on twitter. You can see the actual trading live on my twitterfeed at http://www.twitter.com/uupstart feel free to add me as I will be posting my trades and market commentary live throughout the day.

Again today was a bit of an odd day trading the volatility breakouts as there was quite a bit of whipsaws - with the early morning of the New York Forex session giving up some pips on the down move of which I was able to catch about 5 Pips, and then lots of chop until an uptrend started to form. Where an X is marked in the chart was an entry that I ended up missing as I was reading some news article - I didn't chase the price however and just chalked that one up to stupidity and stayed out of the EURUSD! The other two entries afterwards weren't very fruitfull and matter of fact made me feel a little bit nervous. Click Read More To see the chart.

So I would end up getting out of them quickly as I kept thinking that there would be a turn back. By the looks of things there was! My number #1 rule is to preserve capital! So I tend to dislike any far reaching drawdowns, besides the fact that my stops are extremely tight. So if I can I will try to get out at Break even or +1 pip and avoid turning a winner into a loser.

Trading this FX pair is not always easy so I sniped what I could today trying to avoid taking any losses which was quite fortunate.

Here are the results