Where's the Trade? 5.56 am London 20/2/12

Risk Warning: Trading Forex is inherently risky. This is not a trade alert service and should not be taken as advice to enter or exit a trade. It is simply a narrative of what Straight Talk Traders are watching for, which may or may not happen. What is posted here may or may not develop into legitimate setups on Straight Talk Trading's Complete Response Trading System's specific entry and exit rules, which are only accessible by STT clients.

The Trade: Higher timeframes continue to be fractured and thus for the purposes of this blog, there is no clear trade in sight in the seven major currencies. The weekend gaps that have appeared seem uncertain and will probably close, but for the purposes of STT setups, there are no alignments at the moment. The daily charts in particular are disjointed.