If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #144,261
- Edited 10:59am Jan 25, 2022 10:45am | Edited 10:59am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
- #144,267
- Jan 25, 2022 2:53pm Jan 25, 2022 2:53pm
EUR USD Is it possible for the image on the left to be repeated for the image on the right? {image}
I think so. All the rhetoric is that US might raise rates at the meeting tomorrow. The US indices were trying to show the Feds what will happen if they do raise rates with the massive sell-off. But there is a near-zero chance of that. Once they release the rates, the DXY should dump, I'm looking for the 95.106 area on that. So I don't think it will go as high as the last move, but anything is possible. I'll be fading out of my long position once we get close. 1.14 would be fabulous
1.145 would be a GIFT from the forex gods. Just be ready to go the other way. DXY won't stay down for long most likely. Rate hikes coming in March. Traders will be loading up on USD in expectation for bigger hikes than 25 basis points for March. I'll be watching for some massive volume candles on the 1hr chart to confirm the reversal.
{quote} I think so. All the rhetoric is that US might raise rates at the meeting tomorrow. The US indices were trying to show the Feds what will happen if they do raise rates with the massive sell-off. But there is a near-zero chance of that. Once they release the rates, the DXY should dump, I'm looking for the 95.106 area on that. So I don't think it will go as high as the last move, but anything is possible. I'll be fading out of my long position once we get close. 1.14 would be fabulous
- #144,269
- Jan 25, 2022 3:45pm Jan 25, 2022 3:45pm
- Joined Jul 2007 | Status: Trader | 3,577 Posts
{quote}You are fine
and I think the Gods prefer to ignore me like always, and just range it now... P.S bewwwware
the return to 1267, where I scalp for 12. Sell stop 12782
...because you never know - until you do!
- #144,270
- Jan 25, 2022 3:58pm Jan 25, 2022 3:58pm
- Joined Jul 2007 | Status: Trader | 3,577 Posts
{quote} I think so. All the rhetoric is that US might raise rates at the meeting tomorrow. The US indices were trying to show the Feds what will happen if they do raise rates with the massive sell-off. But there is a near-zero chance of that. Once they release the rates, the DXY should dump, I'm looking for the 95.106 area on that. So I don't think it will go as high as the last move, but anything is possible. I'll be fading out of my long position once we get close. 1.14 would be fabulous
With all respect I highly doubt that the US dollar is going to fall after the FOMC and this is MY reasoning: Powell (FED Chairman) used the term "transitory inflation" way too much and too long. He suddenly pivoted and removed the transitory when discussing inflation. In addition EVERYONE is talking about inflation as well. Powell has previously indicated that bond purchases would end in February and that March would mark the first of 4 rate increases. Since then people have mentioned 5-6 rate increases and I've even heard mention of a 0.5% increase to start!!!!
The last 2 days of the USA stock market mean NOTHING to the FED. That is NOT their mandate and Powell is more concerned about people believing the FED then how the stock market reacts, therefore Powell will maintain his HAWKISH view and announce that rates will increase in March. (My opinion)
What would ROCK the markets is this - a 0.25% SURPRISE rate hike! This would have been a possibility in the past with Greenspan or Bernake but Powell won't rock the boat - the man is very transparent and wants to be taken seriously so fun to discuss but ZERO chance of happening.
The HAWKISH statement will shock the markets but what the stock market is really waiting to find out is this - when will the FED trim their balance sheets? THAT IS WHAT THE MARKETS FEAR!!! Let's face it from 0.25 to 1.0% interest means NOTHING! The world functioned in the 1970's with 10-15% interest rates in the USA and with inflation currently running at an annual rate of 7% raising rates will shock WALL STREET but MAIN STREET USA won't blink.
So I expect DXY to continue to rise and EU falling - but I've been know to be wrong in the past.
That's my story and I'm sticking to it. Cheers!
...because you never know - until you do!
- #144,271
- Jan 25, 2022 4:49pm Jan 25, 2022 4:49pm
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,235 Posts
Risk comes from not knowing what to do
- #144,272
- Jan 25, 2022 4:55pm Jan 25, 2022 4:55pm
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,235 Posts
Risk comes from not knowing what to do
- #144,273
- Jan 25, 2022 8:30pm Jan 25, 2022 8:30pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
So nice everyone! Amazing shares yesterday, apart from my own !
Its my deepest pleasure mate ! Worked hard at convincing them, reverse psychology worked even on Gods (see my trades) Buy kidding aside, very well done with your trade by the way and it was nice to have this interaction, truly!
For me, price now at probable ranging high levels of the day, OR going for .14 or .11. So, yes it is time again, aggressive trading time ! I am getting back in after a good good nap and am glad we are at crossroads. Should be interesting. I will not share my ranging plan(too complex), only my plan in case of a determined direction :
Shorting : Sell stop 13061 SL1325(protective stop for all my shorts now is at 1367), and will sell every open-2ticks of every single 15min candle. Each SL after 13061 position is the high of last 1 hour previous to each entry, Each stop loss at BE after 13 pips gain. No wicks time probable!
Longing
: same thing but in reverse of course, and after buy stop 1325 triggered
.
If price gets back to 13061, I will have to close all old unshared longs, as well as my
My remaining shared shorts, even older ones still exists but probably not for long, like :
and
and
Among many other unshared.
I used to be better at choosing which set of setups to share. I'll think of a better way in the coming days. Now I still just randomly share and I remember certain periods where my shares were more pleasing because I actually set out to share only certain setups.
Cant wait to share my months sharing update especially with my million losses
! If I survive it that is 
! Kidding, I'm doing much better than is seems...
Take good care everyone and trade safe as always, not crazy like MTako
!!
Me, all automated now and alarms are configured, so back to reading after a bit of exercise.
!{quote} Out at 1.1300 - thank you mtako for removing your forex curse!
Its my deepest pleasure mate ! Worked hard at convincing them, reverse psychology worked even on Gods (see my trades) Buy kidding aside, very well done with your trade by the way and it was nice to have this interaction, truly!For me, price now at probable ranging high levels of the day, OR going for .14 or .11. So, yes it is time again, aggressive trading time ! I am getting back in after a good good nap and am glad we are at crossroads. Should be interesting. I will not share my ranging plan(too complex), only my plan in case of a determined direction :
Shorting : Sell stop 13061 SL1325(protective stop for all my shorts now is at 1367), and will sell every open-2ticks of every single 15min candle. Each SL after 13061 position is the high of last 1 hour previous to each entry, Each stop loss at BE after 13 pips gain. No wicks time probable
!Longing
: same thing but in reverse of course, and after buy stop 1325 triggered.
If price gets back to 13061, I will have to close all old unshared longs, as well as my
.. Closed short and bought 13467 {quote}
...we could be in for the much awaited bulls 1400s surprise ! .14s would be natural weekly reaches, given the weekly trend and factoring in momentum (I have anold .1418 sell limit still in effect)..
Selling time here 1306..
... Selling here 1321, 8H setup
I used to be better at choosing which set of setups to share. I'll think of a better way in the coming days. Now I still just randomly share and I remember certain periods where my shares were more pleasing because I actually set out to share only certain setups.
Cant wait to share my months sharing update especially with my million losses
! If I survive it that is ! Kidding, I'm doing much better than is seems...Take good care everyone and trade safe as always, not crazy like MTako
!!Me, all automated now and alarms are configured, so back to reading after a bit of exercise.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #144,276
- Jan 25, 2022 11:34pm Jan 25, 2022 11:34pm
- Joined Sep 2017 | Status: Trader | 11,299 Posts | Online Now
- #144,278
- Jan 26, 2022 1:31am Jan 26, 2022 1:31am
- Joined May 2014 | Status: Full Time Trader | 27,210 Posts | Online Now
Today the only H1 question is: Can bulls keep candles above 1.1284... Tough day... Happy FOMC trading to all 
Focus only on what truly matters!
