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Market Outlook: Mar’ 20

March 20, 2008

Hello Friends,

Yesterday’s market clearly showed that whatever move US Govt. is making to help the economy is simply rejected by the market. Last night Dow went down again after the rally caused by Rate cut. Also all JPY crosses are on their way down to previous levels. However USD in general seemed to have gain some strength as we see some red candles on EUR/USD and other USD pairs.

Resulting from this we have seen swings in both directions and it has made a little harder to trade on Daily charts. However if you go down to 4 hr chart we see some incredible trading opportunity. I’ve been trading Squeeze-More live on my personal account and having great success. Moving forward I’ll be using it more frequently and also applying it on Managed Accounts. If you are new to Squeeze-More then I would recommend not to risk more than 1% of account equity.

The rules for Squeeze-More remains the same, however I am only taking strong signals. Last nights EUR/CHF and EUR/GBP were both successful. A few JPY pair did excellent as well.

Today I don’t see any good trade on Daily chart and will look for Squeeze-More trades.

Cheers,
Oz

Written by OzFx · Filed Under Market Outlook