I'm bringing this thread back to life to see if anyone has still tried reverse-straddle news spike fade trading? Who would be willing to create an EA that modifies straddling limit orders so that they are 5 pips away from whatever market price moves ...

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dud

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buy the rumor, sell the news....old school. Usually, unless it's a bold statement, FOMC spike retraces back to before news price before really moving, especially with a news conference.

the stupid thing about this FOMC, if they use "patience" or similar wording that causes EUR to go up, is next FOMC we'll be doing this all over again because ECB is still doing QE and FED is still trying to look at raising interest rates, so parity ...

Sorry i didn't word my post very good....it was meant to say "and also being bought on UJ." I'm not saying to buy UJ.

A rate rise would cause a fall in EUR.

Probably just a squeeze to get a better price to short EUR, or buy UJ post FOMC. Plus it's completing a harmonic pattern, butterfly.

How about you pay me that $5,000 for the following advice: Your're going to max out your usable margin shorting all of those, only to have the broker spread spike 50 pips on each, causing a margin stop out, then you'll witness price fall without you ...

Seriously though, I hope the FOMC press conference isn't like last time. Yellen went everywhere, and price went everywhere, too. Couldn't start trading until an hour later!

Tomorrow...Yellen stepping up to the microphone: "Patience"...(EUR: 1.08 spike)..."Just Kidding, maybe June" (EUR: parity)

Here is why your attitude, Mairan, is already against your success potential.

BUY LOW, SELL HIGH

Finally!!!

We're not really getting a close below this... 970,004 here...janpec gets a free chicken dinner for 970,000

A break below 1.0620 will break a trendline, fib, moving average (50 on 5min), and prove the gartley.