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  • #81,681
  • Mar 20, 2019 9:14am Mar 20, 2019 9:14am
This is my personal view of what's going on. It doesn't happen every FOMC week, but we see it every now and again.

I am not shy about not knowing at all what will happen next 24 hours, but at times like this, the advice is don't take any positions if you are not prepared for at least 100-200 pip moves in "illogical" directions.

1h eu
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  • #81,682
  • Mar 20, 2019 9:40am Mar 20, 2019 9:40am
Don't follow this one.. testing waters..

New Sell Order: 1.1361
Lot: x/2
SL: 30 pips
TP: Open

Stay Green
Focus only on what truly matters!
  • #81,683
  • Mar 20, 2019 9:47am Mar 20, 2019 9:47am
Quoting Ata-Turkoglu
If this goes down from here I would guess that many have shorted the 1.1355/66 zone before FED decision. Meaning: Many SL levels now have been set around 1.1375/95 area. So... No matter what FED decides tonight, it could be anticipated that there will be stop hunt spikes towards 1.1400 before it really drops. Just thinking out loud. Stay Green
I thought the same shorts will be burned, but in the diff way. First down move every bear happy then crushed to the upside.
Don't believe me just watch!
  • #81,684
  • Mar 20, 2019 9:57am Mar 20, 2019 9:57am
now we wait for fed.. who is on a trade?

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  • #81,685
  • Mar 20, 2019 9:58am Mar 20, 2019 9:58am
Quoting LCForex
{quote} I thought the same shorts will be burned, but in the diff way. First down move every bear happy then crushed to the upside.
No worries, is well.. that's why I am risking half..

Stay Green
Focus only on what truly matters!
  • #81,686
  • Mar 20, 2019 10:10am Mar 20, 2019 10:10am
EU next set of goals...maybe post fomc maybe post... "insert anything you can think of "!

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  • #81,687
  • Mar 20, 2019 10:15am Mar 20, 2019 10:15am
Quoting Wavegarrick
Hi Guys, There could be something in the pipe line here today. I have opened a short trade in what could be the first of a sequence of sell trades. My trade entry is a bit early and perhaps I should have waited a bit. If I have a 4hr close above 1.13500 and my descending magenta trend line I will cut the trade. Price action could be deceptive here and they could push it up to my weekly res 1 at 1.13685 to 1.1370 ish, before bringing it back down again. Take care {image}
A few points to summarize before Fomc:

-Eu is quite o/bought from a daily perspective.
-We need a concise break above 1.1400 with a daily close at least and more so with a weekly close. This will put Eu in a different ball park with bullish momentum that could last for many weeks and months to come.
-Eu has seen a touch and reverse of 1.11740 ish and never looked back for a retry or a double bottom. A concise breakdown below 1.1300 could see eu retest those levels.
-Today is the 20th of the month and in my experience this pair could reverse from here onwards.

Take care and lets see what FOMC brings us in 2hrs and 48 min's

Cheers.
Trade to trade another day
  • #81,688
  • Mar 20, 2019 10:30am Mar 20, 2019 10:30am
Today is the first day of Spring. Just thought I would throw that into the mix
Don't wait for the wind, take to the oars.
  • #81,689
  • Mar 20, 2019 10:35am Mar 20, 2019 10:35am
Quoting Pleiadian
Today is the first day of Spring. Just thought I would throw that into the mix

Happy and merry Spring to you fellow Pleiadian. What animal are you watching on EU....a Springy butterfly perhaps?
  • #81,690
  • Mar 20, 2019 10:46am Mar 20, 2019 10:46am
what should i do before FED , long or short ?
  • #81,691
  • Mar 20, 2019 10:47am Mar 20, 2019 10:47am
Quoting Ata-Turkoglu
Don't follow this one.. testing waters.. New Sell Order: 1.1361 Lot: x/2 SL: 30 pips TP: Open Stay Green
Moving SL to break-even. Zero risk.

*New retest to 200 EMA on M15 is played out atm..

Stay Green
Focus only on what truly matters!
  • #81,692
  • Mar 20, 2019 10:48am Mar 20, 2019 10:48am
Quoting kayikayi
{quote} Happy and merry Spring to you fellow Pleiadian. What animal are you watching on EU....a Springy butterfly perhaps?
A Cypher Pattern that is having trouble to complete B-C, as it is butting up against Structure Resistance. Have no idea which will win, but I have two positions banking on structure resistance to win.
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Don't wait for the wind, take to the oars.
  • #81,693
  • Mar 20, 2019 10:58am Mar 20, 2019 10:58am
Quoting ashunism
what should i do before FED , long or short ?
Nothing at this point and if you do it is a coin toss.

Trade safe. Cheers.
Trade to trade another day
  • #81,694
  • Mar 20, 2019 11:00am Mar 20, 2019 11:00am
Quoting Wavegarrick
{quote} Nothing at this point and if you do it is a coin toss. Trade safe. Cheers.
5 minute before fomc set pending order one for buy and one for sell each arround 15 pips away from current price
  • #81,695
  • Mar 20, 2019 11:00am Mar 20, 2019 11:00am
Quoting Pleiadian
{quote} A Cypher Pattern that is having trouble to complete B-C, as it is butting up against Structure Resistance. Have no idea which will win, but I have two positions banking on structure resistance to win. {image}
The A-B retracement of a Cypher MUST at least be able to touch fib 38.6 of X-A leg.. That's not the case on your example and therefore technically (and unfortunately) that's not a Cypher..

Stay Green
Focus only on what truly matters!
  • #81,696
  • Mar 20, 2019 11:04am Mar 20, 2019 11:04am
Quoting pridolfx
{quote} 5 minute before fomc set pending order one for buy and one for sell each arround 15 pips away from current price
Just be aware of high vol. I remember times when it moved 40-50 pips in one direction before turning going away in the total opposit direction
  • #81,697
  • Mar 20, 2019 11:09am Mar 20, 2019 11:09am
Quoting Ker
{quote} Just be aware of high vol. I remember times when it moved 40-50 pips in one direction before turning going away in the total opposit direction
yea yea dirty buisness
  • #81,698
  • Mar 20, 2019 11:09am Mar 20, 2019 11:09am
Quoting pridolfx
{quote} 5 minute before fomc set pending order one for buy and one for sell each arround 15 pips away from current price
Thanks Pridol, am following with interest, Cheers.
Trade to trade another day
  • #81,699
  • Mar 20, 2019 11:35am Mar 20, 2019 11:35am
Quoting Wavegarrick
{quote} Thanks Pridol, am following with interest, Cheers.
be carefull ,brokers are bastards
  • #81,700
  • Mar 20, 2019 11:35am Mar 20, 2019 11:35am
Quoting pridolfx
{quote} 5 minute before fomc set pending order one for buy and one for sell each arround 15 pips away from current price
Where do you set your targets for each?
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