Huge floating loss, hoping price falls to mid 60's so I can get out BE or minimal loss, should have got out when price hit 50's or 51 instead of holding out for 45 like a dumbass Man I ain't swing trading for a while after this, thought I had recovered off NFP only to be stuck again few weeks later. I was under the impression that the hike would boost DXY instead it tanked over Powells dovish stance over future hikes.
Understand his stance on taking it meeting by meeting but it doesn't necessarily say dovish does it? Man is prepared to raise if necessary he did stress on not bringing down rates and inflation would be present for at least another year? Did the market perceive it as dovish? Confused. Maybe I should learn to read between the lines next time he speaks. Anywaaaaay here's to hoping we have a drop to mid 60's today Maybe I should switch back to AUDUSD, markets were slow, volatility almost non existent but I had way more peace of mind than I do now trading gold.
Understand his stance on taking it meeting by meeting but it doesn't necessarily say dovish does it? Man is prepared to raise if necessary he did stress on not bringing down rates and inflation would be present for at least another year? Did the market perceive it as dovish? Confused. Maybe I should learn to read between the lines next time he speaks. Anywaaaaay here's to hoping we have a drop to mid 60's today Maybe I should switch back to AUDUSD, markets were slow, volatility almost non existent but I had way more peace of mind than I do now trading gold.
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