a beginner's attempt at the pairs
- Thread starter big mac
- Start date
Lawson, I wouldn't hold that position now if I were you. Euro will likely to appreciate first until the announcement tomorrow. Better open a short position just around the announcement
I will get back to you sometime today. Today, the commission releases COT report. I have to analyze it first
@victorycountry I totally agree with you that the euro was overvalued. Recent statistics from the EU really was not the strongest one. Perhaps it is because "Commitments of Traders" reports were on the short side. The technical picture also indicated the EUR/USD reduction. The currency reached a strong 1.0770-1.0850 area.
I looked at the trading day again on the younger timeframes (M5-M15). The market gave a good entry point for opening short positions. How do you think, what will happen to the Euro next? There will be the Fed meeting tomorrow. What are the expectations?
Foolish, why open around the announcement?
Not the market order, I meant stop/limit orders
Why play into a massive risk event?
Balls o steel
Tomorrow there will be only 2 outcomes - either raise the interest rate or again delay the decision. According to my secondary research, there is 95 % chance they will raise the rate tomorrow. I have got a good motivation to take the risk. And it's the primary reason why I have taken on the PhD research too. Wish me luck and thanks for your contribution. After your comment, I have come up with better risk management
I do wish the best of luck.Tomorrow there will be only 2 outcomes - either raise the interest rate or again delay the decision. According to my secondary research, there is 95 % chance they will raise the rate tomorrow. I have got a good motivation to take the risk. And it's the primary reason why I have taken on the PhD research too. Wish me luck and thanks for your contribution. After your comment, I have come up with better risk management