NFP data which will be announced in 15 mins is not a game changer. I think the pair will continue to stay in range till FOMC.
Stay Green
Focus only on what truly matters!
- #20,381
- May 2, 2018 7:18am May 2, 2018 7:18am
- Joined May 2014 | Status: Full Time Trader | 27,120 Posts | Online Now
Stay Green
- #20,385
- May 2, 2018 7:34am May 2, 2018 7:34am
- Joined Feb 2017 | Status: pippin' | 1,139 Posts
out and green, except the damn Swissy stopped me out breakeven.
Did not quite reach the target of my second short (65%), but hey, some solid breakout trades for me.
ADP slightly better than Forecast, market barely reacts.
The downtrend is intact and healthy. Price has gapped too far away from Mean for my taste and has a lot of room to pull up for a correctional move.
That's why I closed my shorts and play the waiting game. Also FOMC later today and I like my sleep.
Keep smiling, stay riskfree until FOMC today, and stay green
PS: "why don't you trade a Mean Reversal here?"
Answer: RR too bad, Juice not worth the squeeze for me.
Chart - D1 (with Levels)
Did not quite reach the target of my second short (65%), but hey, some solid breakout trades for me.
ADP slightly better than Forecast, market barely reacts.
The downtrend is intact and healthy. Price has gapped too far away from Mean for my taste and has a lot of room to pull up for a correctional move.
That's why I closed my shorts and play the waiting game. Also FOMC later today and I like my sleep.
Keep smiling, stay riskfree until FOMC today, and stay green
PS: "why don't you trade a Mean Reversal here?"
Answer: RR too bad, Juice not worth the squeeze for me.
Chart - D1 (with Levels)
you are not expected to understand this
- #20,386
- May 2, 2018 7:41am May 2, 2018 7:41am
- Joined Mar 2015 | Status: Trader | 1,445 Posts
Fake news before the LONG maybe? 
"
1231 GMT - Commerzbank expects the European Central Bank to lower its 2.4% growth projection for 2018 "significantly" in June, when the next set of staff forecasts are due, says economist Christoph Weil following the release of first-quarter gross domestic product data for the eurozone. Aside from special factors like the cold weather in March, the marked appreciation of the euro is especially likely to have put a dampener on first-quarter GDP, Mr. Weil says. GDP growth in 1Q slowed to 0.4% from an upwardly revised 0.7% in the previous quarter. ([email protected]; @EmeseBartha)
(END) Dow Jones Newswires
"
"
1231 GMT - Commerzbank expects the European Central Bank to lower its 2.4% growth projection for 2018 "significantly" in June, when the next set of staff forecasts are due, says economist Christoph Weil following the release of first-quarter gross domestic product data for the eurozone. Aside from special factors like the cold weather in March, the marked appreciation of the euro is especially likely to have put a dampener on first-quarter GDP, Mr. Weil says. GDP growth in 1Q slowed to 0.4% from an upwardly revised 0.7% in the previous quarter. ([email protected]; @EmeseBartha)
(END) Dow Jones Newswires
"
- #20,387
- May 2, 2018 7:54am May 2, 2018 7:54am
- Joined May 2014 | Status: Full Time Trader | 27,120 Posts | Online Now
Fake news before the LONG maybe?
Stay Green
Focus only on what truly matters!
- #20,389
- May 2, 2018 8:08am May 2, 2018 8:08am
- Joined Feb 2017 | Status: pippin' | 1,139 Posts
Fake news before the LONG maybe?
Never trade speculations or afterreports (what they call "news"), reduce risk of positions around major events.
Never trust a Bank, never trust opinionmakers. never trade the Sentiment, never have a bias or (worse) an opinion on a market.
Trust your charts, trust yourself, and if there is doubt stay out.
And never sleep with a red haired woman with green eyes
I am old, I know
you are not expected to understand this
- #20,390
- May 2, 2018 8:11am May 2, 2018 8:11am
- Joined Apr 2017 | Status: trying to make money | 3,341 Posts
Don't Worry Be Happy
- #20,391
- May 2, 2018 8:20am May 2, 2018 8:20am
- Joined May 2014 | Status: Full Time Trader | 27,120 Posts | Online Now
Focus only on what truly matters!
- #20,392
- May 2, 2018 8:38am May 2, 2018 8:38am
- Joined May 2014 | Status: Full Time Trader | 27,120 Posts | Online Now
Has anyone noticed the M30 pattern looks like a Star Wars X-Wing? lol... I wonder what that means.. it points to north though.. just kiddin'
Stay Green
Stay Green
Focus only on what truly matters!
- #20,393
- May 2, 2018 8:47am May 2, 2018 8:47am
- Joined May 2014 | Status: Full Time Trader | 27,120 Posts | Online Now
Focus only on what truly matters!
- #20,396
- May 2, 2018 9:05am May 2, 2018 9:05am
- Joined Mar 2015 | Status: Trader | 1,445 Posts
Lol, not sure how being more aggressive on the rate raises will help the US economy. It seems that we need USD down, China and others to re-value or increase the value of their currency to a decent level. Because then the US could improve the trade defect right? Everything I see says strong USD is really, really bad for this.
But yeah, never trade this stuff because it does not help since it is so long term admittedly...
But yeah, never trade this stuff because it does not help since it is so long term admittedly...
TP 50pips SL 25pips