i cannot spam here......
anyways best pair would be eur/jpy..... we already having DJIA rallying on anticipation and once the news is out we may see a higher spike for a new high and then a big drop down..... i would be looking for that and selling around 158.88..
i would sell euro on failure around 58.35 region..
may even jump in yen shorts..........for a retest of 97.10.........

__________________
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...

Right now I'd go to the majors showing dollar strength so you can get a good entry price. And I see the USD/JPY and USD/CHF showing that. They should make new lows soon, especially the USD/JPY. I'm already short these pairs.

American-T

I see it's struggling a bit to break 2.0220 and it may take the Fed meeting to do it, so it seems the market recognizes that level you mentioned. I'm not sure on the longer term outlook of the GBP/USD. But with the EUR/USD looking to correct over 1000 pips pretty soon due to a dollar rally, I can't see the GBP/USD diverging so greatly as to move in the opposite direction of about the same scale.

On a fundamental level, it seems the GBP/USD's weakness earlier was more of GBP issue than a dollar issue. So it would make sense for some divergence between the euro and GBP. But I see a dollar bottom and rally soon, so this should effect GBP and the euro of the same magnitude, sending them down. In the short term, I do see the GBP rising to at least 2.0400, especially if there's a break of 2.0030, but after that-it should fall with the dollar rally. So 2.11 seems a bit stretched from what I can see.

I like your bullish plan, keeping stops tight like you said. So I agree with you, except for the possible surge to 2.11.

American-T

Good calls people. I held tough on my short last night at 3 GMT and it worked out ok. The pair is seen testing the resistance at 1.5803-10 right now. Some say but not me that it if it cant break that and make new highs then 1.5640? because were still waiting in the wings I wouldnt be surprised if the move up or down is right at the anouncement. Its hard to say weather the price has factored in the FMOC or not? Smaghi is such a BS,er! He contradicts himself he said last week he doent mind a stong EUR to offset comodity costs and now he is saying its a consern? Not clarifieing his position at all realy. He must be getting flack from western econamists and the Brits. Off a one min chert a interesting patern change. I wouldnt short now either though it apears to have turned? with the fed still to anounce its position and the veriations of what that cut may be untill its called this pair can move very fast in either direction. i would suspect another atempt at the 1.5830 will come and closer to the anouncement may breech and make a new high. i wouldnt bank just yet on the correction though after that untill i was sure there was not more bad news comming soon. I have one more opinion more a Q. an intrest cut is generaly considered bearish for that currancy. A cut of the magnatude there suspecting hear should be catistrofic? If the cut is a whole point or above wouldnt that send the EUR to the moon? its hard to call. If the Feds cuts are low say .25 or .50 would that be considered not enough? Given the over bought EUR this makes the direction even more difficult. Personaly given the cautious trading against USD pairs a rate cut may be considered Bullish? Thats my Q will it be bearish like it should be or bullish because there so beaten up?

GBP/USD is on fire........just broke resistance at 2.0020. I don't see much capping this pair's rise for at least another 100 pips. Might be good to buy any dips now.

How significant is this to the dollar as a whole? For other pairs?

American-T

Oddly I find thats the only pair were the USD isnt rallying? I think its a last ditch effort to unload the USD before it tanks with other pairs.

just got 158.88 euppy shorts triggered..........
i might have to pick more if it comes to around 159.44....

__________________
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...

AT

Just to clearify. I wasn't implying that the pound would surge to 2.1164, just that the possibility exist to return to that level over the next couple of months.

I am still looking to get out of my long EUR positions from 1.5381 on the next move to a new high.

Good luck on your trades.

I'm in Jag and AT. the only thing that will consern me is the USA,s close ties with the British Gov. And the ethical standards the Brits like to maintain with there econamy. Stiff uper lip you now. One cant denie there power in the FX though! The AUD just took a very erratick move!!!!!!! Check it out on a one MIN now! AUD/USD 100pip moves in a second!!

The market is gooing CRAZZZZY!!!! Take out your stops or your in trouble!!! Set your limits right away!

EDIT: initial tgt achoeved at 154.57
stops BE and open limit running now...
yen shorts in 98.73, took half out at 97.99. stops BE and running

RE EDIT:]

bail out on all quick rising, will sell at tops again on a stall...

__________________
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...

The Fed only cut 75 so I was wrong in thinking it would probably be 100. But that changes nothing. What does change things is if my stops are taken out. So far, none of my bearish dollar positions have been stopped out. The charts show the dollar rallied in a correction, so that means new lows should be coming soon, regardless of any news, fundamentals, Fed announcements, or whatever.

So I'm like Maximus in the beginning of the movie Gladiator when he leads the cavalry into the barbarian enemy and yelling, "Hold the line!! Hold the line!"

I'm holding the line on my short dollar positions as the dollar should head down to new lows.

American-T

Get that duct tape out!LL I just bought the pound and before I new it POW right in the kisser. At least the anticipation of more cuts still lay ahead because .75 aint going to cut the musterd in the long run. Thats Bush arogant smart move though to stop mass panic selling. Looks like the market is digesting how stupid that cut was and is rebounding.

RE EDIT: missed euro shorts..
yen shorted 98.93, strict stop 99.28 and 60 pips limit.
calling it a night...... will see how it went tomorrow
GL all......

__________________
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...

19:14 EUR/USD: Swiss Man On The Bid Steamrollered New York, March 18th. Talk of a heavy bid around 1.5700 from a Swiss man, thought to be a Middle East sovereign buy order, got steamrollered by spec longs clamouring for the exits. Spot has dropped to 1.5669 lows and bounced, but it's a dead cat bounce. The market is long and wrong, and will be looking to fade rallies. Peter.Wadkins@thomson.com