Hi traders,

I have attached a letter that I wrote early this morning explaining why I will not be taking any trades until sometime after the NY open.  By the end of the afternoon the Greek government backed down a lot, and they have been give 3 days to present the new proposal to the Greek citizens and either win them over, or likely suffer dire consequences.  I was actually hoping for some sort of a concrete resolution by the London open tonight, as we would at least have had a correct market sentiment to work with.  Now we have another 72 hours of uncertainty.  The markets opened with smaller, and yet significant gaps on most pairs.  I will watch London and the open of NY carefully, and hope to at least test the trading waters tomorrow on a couple of very reliable trade setups.  I will do a complete chart and email update tomorrow during the day or in the evening.

The First Strike Trader Team