Trading Plan 7/1/04

Todays plan was to trade the ISM #, but that was a non
issue. Next event will be the FOMC Minutes, I think
we will get good movement from that. But we will
probably see a tight trending market, waiting for the
job #'s tom. The trend on the pound is still on the
downside. Tomorrow we will have a trend setting event
for the rest of the month.

Todays plan will be to look at my
trends/support/resistance levels on the GBP. We have
resistance @ 1.8185 then 1.8226. Support would be
seen around 1.8100/15. My feeling people will not go
against the dollar till , tomorrow. I cannot see
anyone puting major longs out today. I will await for
the minutes @ 2pm, I think that will be a good trade.
It's little disappointing action after the fed
deceision and the Japans Tankan report. Dont know
why, but I am neutral here till I get a better feel on
what these fx want to do, cause it looks like they
don't either.

I havent recap from yesterday, I will later on. I want to recollect my thoughts. I did well, but got killed in the evening, I want to review my mistakes and clearly write them, so I will never do that again.