Trading Plan 6/30/04

The day of reckoning is here. The big decision is
here. I really do not have a feel on what the dollar
will do once the announcement comes out(if .25% pt is
expected). I will be waiting to here what the fed
will say after the decision. The rumor is that the
fed will get rid of the "measured" statement. If they
keep that word in there I will look to buy GBP.

GBP had a reversal overnight, because of good
#'s(current account and GDP all where GBP positive)
and a weaker Chicago Pur. Mgr. had helped the GBP
rally. I think for the rest of the day we will trend
in a tight range till around 2pm.

I will wait for comments to trade unless, theres an
unexpected decision like .50% or no rate hike. I will
not be looking to make major trades till then. Unless
the currencies hit certain trends or supports. A move
of 1.8200 could be a possibility, but it is unlikely
till after the decision.