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POST FOMC The Fed cut rates as expected and I have done the following. EUR/USD added to my sell at 1.4860 which was a little early however my add was very small as I expect it could still test 1.50 USD/CHF added to my buy at 1.0836 as per the plan in my FOMC outlook…
Will add back previous position that was taken at breakven 8890 in the sell zone of 8980-9000 to get avg close to 8900.
FOMC outlook: Today at 2:15 the fed will announce its decision to cut rates. The majority of the analysts believe The Fed will cut a half a basis point bringing the rate to a level it has not seen since May of 2005. If the Fed cuts rates by half a point I believe we…
The previous aud sells gave several opportunities for profit or atleast breakeven. I am holding the 8815 sells looking to add to them. If you didnt get out you can follow me but just make sure to use low leverage as this week could be volatile with alot of event risks. If you did get…
It was a fight in the sell zone that gave several opportunities for 25-30 pips. my first trade was taken at 8788 and it went to 8760 several times but couldnt get downside going because of rise in equities it continues to follow. I was stopped at breakeven but have reentered sell here at 8815.
If you took a buy on aud would recommend clearing it, didnt get close enough for me to take it. Looking to sell aud into 8780-8800 on a hold. Would like to see nzd closer to 7760-7780 to sell.
Will be looking to buy aud as close to the 8580-8590 zone as I can. It might not get there so will have to use discretion on price action for entry. The closer the better so will wait for the approach.
Support is between 1.0220-30 so look to clear some of Cad in that area. Be sure to lock in anything that you dont clear.
Locking in the cad trade to atleast breakeven from 10370, with data coming up not worth the risk without protection. If it gets hit will look to reenter based on market action. If want can just clear for 50 pips now.
Only trade looking to take now is sell usd/cad 10370-90, preferrably close to 90. Use caution as the BOC interest rate announcement is out at 9 eastern.