Entered e/u short @ 2950. I was originally waiting for the resistance and trend line bounce @ the 3000 mark, but once I saw it bounce off 2994, I waited till it moved 50 pips in favor of my assessment and entered. I have a 100 pip trailing stop and am into the trade with +33 pips. My R% on this trade is 3% – the most I’ll risk is 5%, so I need some decent pips before I can build in more short positions. My idea is that we will consolidate around 2850 – 2800 and then move down from there as the Euroland Fundamentals come out this week…the forecast for them is not looking good – or at least worse then the US. Once we get to the consolidation, I am moving my stop in to trail about 50 pips away. Any comments would be appreciated.