The Swamp

1045/56 has some pivotal value. After FOMC, it should run from this spot.. North or South. Take your pick 1004 or 1108 next

Un real. The gold miners are..............

that is an iron will.

I closed my 1056.3 pending before rollover. I figured the spread would take me out. If it runs back i may take it. 11 pips is probably too tight. The bottom may be loser than the 1056 top.

Its a shitty job. Just to split 11 euros. They may do better using it to grow a plant they could eat.

Big ones 12xx
If it drops toward 0942 Thursday, Some options could cap it at 0950/60 after.
If North, 1108 may cap it

7/26 Wed FMOC Day

1.1118
1.1092
1.1077

1.1051- PP

1.1026
1.1011
1.0985

FMOC day, going to be a breakout day.. either break up north 1.1118+ or break down south 1.0985-
I am sideline....

Bears are still in control with intermediate trends are all downtrend

Downtrend stops are
M15 1.1058
M30 1.1070
H1 1.1097
H4 1.1165

Day uptrend stop
Day 1.0870

Its before FOMC now. After FOMC Pa will run away from 1045. Now being before with pa headed North atm. This may be the wrong direction. Its not necessarily a bad thing. If pa now runs to 1108 before FOMC, After it may have to run toward 1045, if bearish. After that it would need to run below it etc. A pump/dump before news is often wrong. If it right, it used a entire adr already at 1108 in the right direction. If its bearish it used an entire atr in the wrong direction. That gives it a preloaded potential momentum of 2X atr at 1108. 1108 Is a R regardless if its bullish or bearish. Plus it being at a R, and a full atr already achieved. Its harder to rise. Potential to get out the loser at 1108 is easier with a small loss. But if it dropped, after FOMC the wind is to your back. Before FOMC being at 1004 or 0942 may be the same if it was bullish. It would likely run past/above 1045 to 1108.+.
The point being After FOMC. The day will close above, or below 1045. The week will close above or below 1045. PA should be running away from 1045. To 0942 and less, or toward 1274 or more again. PA may be attracted to 1045 early into NY. After FOMC it may repel it. If in the wrong side at FOMC release with the Q/A. It will have to cross 1045. That process in digestion may give so headfakes. 1045 is one spot the may act like a pp. After FOMC those other S/R will too. Each one has to be beat, to cross. First they are s/r to beat. Later they help hold pa to the crossed side as a s or r.

1076.5 is 1/2 way to 1108x.. This may be a pump before FOMC. Where it ends up after is probably the future direction. Falling back below 1108 after FOMC will likely test 1044. 1076 could be relative on a fall back toward 1044 after FOMC. And so on. What happens after FOMC can set the direction for weeks/month +.
Look to the left.. 1076.5 was already chosen by pa before today. It was chosen on the way down.

1076.5 looks less random to the left. 1044 looks less now. But with time I think its, divisional in the next move.
If it runs North now, and after FOMC. 1044 will be noted as nothing. If it runs South it may also get no fan fair. I think its pivotal in the future direction for the close side day, and week atm.

Is 1108 something? I think so. Is 1076? I dont know. I do know its center of 2 places. I think are important 1044 and 1108. Your watching this with me. So I look left to see if it was anything in the past. It did have some persuasion in the smaller timeframes.

Full disclosure. On a non FOMC day. I would had taken that 1076 short, with a tp at 1045. 2 to 1 Because at 1076, it was more than 1/2 atr.
FOMC day, the pump can do a full atr. 1108 is a full atr

If not for FOMC being today. I would be taking incremental trades anywhere from 1076 up to 1108. With a total set s/l %. Tp finger on the button 1045ish and atr lower. It sucks watching this. But its safe to watch.
Off to bed before I do something stupid/smart. I do have a few at 1108 pending.
12h just closed 1069

I forgot to mention this. So I got out of bed. I'm lying, this laptop is in my bed.

I do have a bias because 1274 and 1186. I posted that in depth.
Here is how a unbiased retrace may look. If it is forming a downtrend. These may resist.
23.6 at 1081. (not far from 1076 atm pa)
38.1 at 1118. 10 pips above 1108. (keep it in mind for stops)
and so forth. see chart

FOMC. I'm ahead of the game today already. I didnt trade short 1076, 1080, and 1084 with a stop loss at 1087. TP 1045.x..
RIP Sam Elliot, deepest respect.

Bears vs Bulls

uptrend stops:
M15 1.1057
M30 1.1045

Downtrend stops:
H1 1.1097
H4 1.1171

I could of made a few schillings. But tp wasn't hit.. I would need to decide. Its a imaginary trade, so Lets go for a full tp. CA 1084 at 1/2/% risk. 7 pips at 1/2%. tp 39 pips 5.6%

I read a survey a few years back. 91% professional traders in the 100 asked. Don't trade a day, or 2 before NFP or FOMC. Or other major Forex news events. They take the day off and prep. 83 out of the 91 watch porn as part of prepping. I'm curios in what the 17% are doing. Since there professionals. They are probably making some money. Should i assume the 17% are making porn? Or participating in some activity related. As a part of the prep. In these dark hours before FOMC, people are wondering.

SL 1077 may be ok. 1075.x may turn it. If not, 3 pips in the bank