Daily Trading Ideas

thought to create separate PDF about each active member's threading methods with examples they have put ..
hope would be helpful for newbies like me ..

this is before FOMC.

After FOMC, may go up or come down or all may get vanished and become negative.

Fed's Meeting Is in the Focus of Attention
The news feed in the current trading week will be very eventful. Leading central banks will make decisions regarding further monetary policies. Some important statistics will be published as well. At the moment, the dollar index (#DX) is holding monthly lows. Investors have taken a wait-and-see attitude.

Source: finviz.com
The key event will be a two-day Fed's meeting, which will start on March 19. Previously, the regulator reported that it would not rush to raise interest rates in the current year. The US continues to publish weak economic releases. The 10-year US government bonds yield shows a negative trend. The figure has reached 2.59%-2.60%. A slowdown in the global economy, as well as uncertainty in the trade negotiations between Washington and Beijing, put additional pressure on the "greenback".

Source: cmegroup.com
Most experts agree that the Fed will maintain its key interest rate range at the previous level of 2.25%-2.50%. The central bank will continue to adhere to a “patient” approach to tightening monetary policy. We recommend paying attention to the comments by the Central Bank representatives, as well as to updated economic forecasts. We do not exclude a further decline in the US dollar against a basket of world currencies.
Let's consider the current technical pattern on the USD/JPY currency pair.

1. Support levels: 111.000, 110.000, 108.750
2. Resistance levels: 112.000, 113.000, 114.100

There is an ambiguous technical pattern on the USD/JPY currency pair. The trading instrument is consolidating. At the moment, the key support and resistance levels are 111.000 and 112.000, respectively. The demand for the US currency has weakened. The USD/JPY quotes are tending to decline. Indicators do not send accurate signals:

1. the price has crossed 100 MA;
2. the MACD histogram is in the positive zone but has begun to decline.

We recommend opening positions from the key levels.
If the Fed publishes weak economic forecasts and points to a further "patient" approach to tightening monetary policy, it is necessary to look for market entry points to open short positions. The immediate goal for profit taking is the round level of 110.000.
Alternatively, the USD/JPY quotes may recover to 112.500-113.500.
When tracking positions, one should use a trailing stop.

where are we rowing to?
Details pls Akim

Yes mate you mentioned that.FOMC was stated to start by 7am but its 4am in Nigeria now. what happened

4PM you mean...

To downside bro ? where do you think i can sell GU ?

Sounds good!!

Gonna short for fomc

Yup sir. I buy from the bottom

Akim candle method 5 min/15min bear candle

PA poke some bears i thinks

better wait after fomc mate ️

i found i not suit for BB, i always againt it
but i do like the candle for signal combine the S/R , TL ,EMA 200 and Fibo

Perfect for a sell mate

used to find an entry or take profit mate
if there any setup against your entry so you can prepare for its ️

Longing yellow metal