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  • Preview for September FOMC Decision & Outlook for USD-pairs

    From dailyfx.com

    • Low volatility persisting across USD-pairs ahead of FOMC meeting; DXY Index continues its drift lower away from its daily 21-EMA. • Key feature of today's FOMC rate decision will be whether or not the balance sheet normalization process commencement is announced; if so, the US Dollar may find some desperately needed support. The most important event of the week for the US Dollar - and all of FX markets - comes today when the Federal Reserve meets for its September policy meeting, one of the four meetings per year that produces a new summary of economic projections (SEPs) containing the infamous 'dot plot,' as ... (full story)

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What is he talking about anyone? How do I reduce these things into entry and exit plus stop decisions? That is all I want to know but based on this very article cause I love the jargon but how do I make it work for me?

The Crow (-_-)
Quoting Guest
What is he talking about anyone? How do I reduce these things into entry and exit plus stop decisions? That is all I want to know but based on this very article cause I love the jargon but how do I make it work for me? The Crow (-_-)
To me, your question implies you may be new to Forex. IF you are, and I mean no disrespect if you are not, you may want to check out www.babypips.com. Otherwise, I sure as heck don't want to give out any trading advice (as far as for what you are asking).

I've been trading for over three years (still consider myself a rookie) and I use Baby Pips every day.

It's free and they have a GREAT 'school'.

Good Luck and Good Trading!
According to my personal analysis max price of EU may hit 1.2300 right after today news, but in few more days will go lower to around 1.1550.
I trade this direction, but of course I might be very wrong...
BR!
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