Foreign Currency Trading

Tuesday, June 29, 2004

Trading Plan 6/29/04

Coming in late fucked me again I missed a full cent
drop on the GBP. I can only wait for the consumer
confidence #'s, but it looks like we are Standard
Deviation on GBP on the down side, look to trade the
#'s then sell any pops, We have very good support
levels @ 1.8105 and 1.8045 so that could be good
levels to buy and make a quick trade, but UK
Confidence #'s where weak and with FOMC a little over
24 hours, I expected further downside(dollar Strength) on all
currencies, till tomorrow.

posted by ErickFXtrader at 10:04 AM

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