ECB interest rate today - What is your plan.

I

intervention

It is expected that ECB will cut rate and what you will do in such case.

I am planning to go short on EU and EJ with tight stop loss and if it moved clean then a 100 pips can be made.

I am not a pro trader and your suggestions will be helpful.
 
the short in euro is most likely allready in the market, if they lower rates, it looks more like a buy to me ...
 
Quote from cvds16:

the short in euro is most likely allready in the market, if they lower rates, it looks more like a buy to me ...
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this is an asymmetric trade b/c everyone expects a rate cut but i don't think it's a done deal. obviously don't place a trade ahead of time just wait until after and ride the trend.
 
Quote from intervention:

It is expected that ECB will cut rate and what you will do in such case.

I am planning to go short on EU and EJ with tight stop loss and if it moved clean then a 100 pips can be made.

I am not a pro trader and your suggestions will be helpful.
More...

1) assuming you know how the market will react is often a mistake
2) tight stops after big news/announcements are usually an even bigger mistake
 
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