A series of rallies begin in April and the first Fair Tax Rally is at the Jacksonville Landing in Jacksonville, FL, which is scheduled for Saturday, April 11, from 12:30pm to 3:30pm. Several Fair Tax supporters whose names you may recognize will be there including Talk Master Neal Boortz and U.S. House Representative John Linder (R-GA).

I finished the day flat with a loss of -64 USD. I was distracted from trading for the better part of the day with non-trading related activities. I took 2 NZD/USD trades and stopped out of each. I only tried to scalp the Cable a few times, got stopped twice and decided not to take any additional trades for the day. The Cable above was pretty much bound in the price levels shown in yellow above (previous S/R levels).

I have had several people online and a couple from the local Forex Meetup Group ask for more information on Ambush Trades and how to apply them. They work very well in many markets. Here is a video from David Halsey AKA Eminiaddict for those interested in learning.

There was no relief for the labor market in March. In fact, there’s a decent chance that payrolls dropped by the largest amount in more than 60 years… No April Fools.. The dollar is still appreciating against all higher yielding currencies. Do not forget that these days, bad news is positive for the dollar and good news is negative. This is in part because the dollar is primarily trading on risk appetite and not econmomic data.