Something I was keeping a close eye on today was whether or not Bears were going to take profit and Bulls were going to buy at the bottom of the range on the UST. With the FOMC’s March meeting coming up and markets already pricing in a hike fundamental analysis tells us that we should be looking for opportunities to buy the USD and sell the Yen though patience and discipline are required this week because we need to wait for the right setup and ensure that we are buying at support and selling at resistance. As far as swing trade is concerned last week was a breeze and if you were true to your bias and entered your trade according to the rules then you made a decent amount of pips. I find that a week like this week is a test. A test to see if you are a disciplined trader and only trade when all your conditions for buying or selling are met. If you find yourself a Bull at resistance and you think you’ll just take the shot then know that you are not trading – you are gambling and the problem with gambling is the house always wins.