Traders who trade FOREX

For some of you who trade FOREX, I have a little advice here on the EURO and Dollar.
Here are my thoughts with the FED meeting on Wednesday. The consensus is that the Fed will cut another 25 basis point. I think the Fed now is interested in strengthening the dollar to curb commodities uptrend prices and to do that they need to stop making cuts. They could cut 25 bp and say no more, or they could pause now and that will surely make the dollar fly short term. I think there's a good shot they do not cut at all. Here is how I would play this week if I were a FOREX trader. I would short the Euro Monday and have a tight stop into the FOMC so that I can't get hurt if they do cut. I think the risk/reward is good because if they don't cut then the dollar should FLY!


Good luck

Trade Update:IPI

I am holding my 1/2 share left on my IPI long. I believe this sock can run to $80, we will see soon enough.


Only winners here period.