I created an 'Index' of Forex pairs and included Gold and Silver, there are 56 instruments included in the index.

I like to compare the individual pairs to my index and also have a look at the index momentum.

This past several days we have seen a lot of volatility, actually the volatility has been for a couple months and this weekend, as you will see in the chart, the momentum is sagging, the index appears to be overbought.

This could mean that we will see some direction changes in the near future.

here is a Weekly chart of US Dollar Index showing Bearish CCI Divergence and a Double Top

Wanna know where the market is going??

Here is a P&F Chart for the DJI, note the Bullish target

The following is a stock scan that I did after the market close Monday. I was amazed at the similarities between NYSE and Nasdaq.

When I do this scan tonight I will add Forex pairs to the list

One of the reasons that I use FSB is that I support a family in the Philippines and need money for that purpose.

This family lives in a bamboo house, they have to draw water from the well every day, they have electricity some days for an hour or so.

They have an acreage where they raise corn and rice and the farm is not really prosperous.

In any event, I like to send some money each month to help them with educating the little ones.

For quite some time I have been looking to generate a good sum of money as this family needs a new home with real walls and windows and running water.

Thanks to FSBPro I have finally arrived at the solution to the money requirement. What bothers me is that it took me so long to finally catch on  LOL   

I will add a bit more to this post later in the day or tomorrow

My luck today is not appearing...!!

Any CHF trades today by any chance? What a day it was...

Alpari UK enters insolvency – Rtrs

4 minutes ago | January 16th, 2015 09:48:52 GMT by Ryan Littlestone View Comments

Reuters report that they’ve entered into insolvency after clients sustained losses on yesterday’s Swiss Franc moves

Statement on Alpari’s website is as follows;

    Important announcement

    The recent move on the Swiss franc caused by the Swiss National Bank’s unexpected policy reversal of capping the Swiss franc against the euro has resulted in exceptional volatility and extreme lack of liquidity. This has resulted in the majority of clients sustaining losses which has exceeded their account equity. Where a client cannot cover this loss, it is passed on to us.  This has forced Alpari (UK) Limited to confirm today, 16/01/15, that it has entered into insolvency. Retail client funds continue to be segregated in accordance with FCA rules.

    – See more at: http://www.alpari.co.uk/client-updates/notifications/posts/2015/january/important-announcement#sthash.8SZIPTqA.dpuf

This is the rambunctious pig.

After I feed him and clean him up he is going to do some scans.

Basaed on what I am reading this evening we will be witnessing more changes in the Forex Broker business.

I see that the Shanghai exchange has made a couple suspensions.

I am sure that as the European press starts to work in the morning they will have more to report.