The Club!

I'm not worried mate but then again I'm not the one holding 5(?) euro contracts.

I'll be looking to pick my spots for shorts post FOMC. I'll either get confirmation or a higher level to sell. Either way is a win for me.

But as we both strongly suspect, all shorts will win here pretty soon.

EURUSD, M15, 2013 July 31
Short @ 1.3294, Target @ 1.3225 (DS1)

Scalping Trades
Short @ 1.3294

Exit @ 1.3290, +4

# 2848

EURUSD, H1, 2013 July 31
Long Orders
Delete the target @ 1.33 (2x)
Exit @ 1.3294
Profit: +13, +23, +42, +44
Total: +122 (1.2%)

EURGBP Short @ 0.8751, Target 0.855

# 2859

neg. corr. currently.

EURUSD, M1, 2013 July 31
Scalping Trades
Profit: +17

Hi Friends,

it should have been a nice day for me with a lot of trading. Well, until noon all was OK, but then the phones started the terror on me LOL


What is next?

My feeling: we will see the 3306-3321 today

hi tradeorians,my day was not a very loozy one,10 pips nothing to complain,but if we look at the opportunities that i missed it become a very loozy one
anyway i'd better fasten my belts for the upcoming

i have 3328 at my radar,3346 maybe a better one,little bit confused i admit

I'm not so sure if the EURUSD will go up or down. I try to make some scalping trades here and there and make many 1/10 swinging trades at different entry and exit levels. Time will tell me the profits. Tomorrow is Thursday and then the crazy friday. Abrupt price movements and shorter time frames seems possible. I look often at the pivotals, too. For minimizing the risk I take also combination like EU long & EJ short within their H4 ranges.

EURUSD
Excursus
around 1.3280 it seems not the best probability service to go more long (1.3244 (mS1), 1.3225 (DS1)) have had even more odds.
I wait here (x80) and when the prices would grow more northside I tend to make some shorts again @ 1.33, @1.3311 (mR2), @ 1.3330 (DR2).
Next chance will coming up. H4 seems not exhausted, so further upside movements seems possible,...the question might be "when?"...tomorrow?, ...the day after tomorrow?...if so ~1.3390 could be an aspect.
FXcube

I am out! -19

Anyways still holding NU shorts! Target .78

EU 2/10 short since 3322

Press Release

Release Date: July 31, 2013
For immediate release

Information received since the Federal Open Market Committee met in June suggests that economic activity expanded at a modest pace during the first half of the year. Labor market conditions have shown further improvement in recent months, on balance, but the unemployment rate remains elevated. Household spending and business fixed investment advanced, and the housing sector has been strengthening, but mortgage rates have risen somewhat and fiscal policy is restraining economic growth. Partly reflecting transitory influences, inflation has been running below the Committee's longer-run objective, but longer-term inflation expectations have remained stable.

Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that, with appropriate policy accommodation, economic growth will pick up from its recent pace and the unemployment rate will gradually decline toward levels the Committee judges consistent with its dual mandate. The Committee sees the downside risks to the outlook for the economy and the labor market as having diminished since the fall. The Committee recognizes that inflation persistently below its 2 percent objective could pose risks to economic performance, but it anticipates that inflation will move back toward its objective over the medium term.

To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee decided to continue purchasing additional agency mortgage-backed securities at a pace of $40 billion per month and longer-term Treasury securities at a pace of $45 billion per month. The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction. Taken together, these actions should maintain downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative.

The Committee will closely monitor incoming information on economic and financial developments in coming months. The Committee will continue its purchases of Treasury and agency mortgage-backed securities, and employ its other policy tools as appropriate, until the outlook for the labor market has improved substantially in a context of price stability. The Committee is prepared to increase or reduce the pace of its purchases to maintain appropriate policy accommodation as the outlook for the labor market or inflation changes. In determining the size, pace, and composition of its asset purchases, the Committee will continue to take appropriate account of the likely efficacy and costs of such purchases as well as the extent of progress toward its economic objectives.

To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the asset purchase program ends and the economic recovery strengthens. In particular, the Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that this exceptionally low range for the federal funds rate will be appropriate at least as long as the unemployment rate remains above 6-1/2 percent, inflation between one and two years ahead is projected to be no more than a half percentage point above the Committee's 2 percent longer-run goal, and longer-term inflation expectations continue to be well anchored. In determining how long to maintain a highly accommodative stance of monetary policy, the Committee will also consider other information, including additional measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial developments. When the Committee decides to begin to remove policy accommodation, it will take a balanced approach consistent with its longer-run goals of maximum employment and inflation of 2 percent.

Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; James Bullard; Elizabeth A. Duke; Charles L. Evans; Jerome H. Powell; Sarah Bloom Raskin; Eric S. Rosengren; Jeremy C. Stein; Daniel K. Tarullo; and Janet L. Yellen. Voting against the action was Esther L. George, who was concerned that the continued high level of monetary accommodation increased the risks of future economic and financial imbalances and, over time, could cause an increase in long-term inflation expectations.

This is what I was talking about! FOMC always do hunt SLs. I am happy I managed to save those 20ish more pips!

covered @ 3287 for +39 or +0,78%

I will re-load shorts a tad higher towards 3306/3320