Position trading calls and ideas

I have a bottom signal which says euro should have a continuation rally to the upside.
The signal used to have high accuracy in the past but the latest signal failed. So I am a little confused this time.
However, I just took a small long position at 1.10468.
 
My position trade idea today was to sit out and try some sim with stops and targets, to gauge how I could read the action today in NQ. Of course, I made just over 1 grand on two one-contract trades, and one 2-contract trade. Modest targets with stops that had breathing room. It worked well. Did the same thing yesterday, pretty much.

So for my efforts this week of kinda' sitting on hands I earned about 60 bux. In a week. I can now afford to buy a bowl of hot water, some dry oatmeal, and a giant loving spoonful of, well...

 
destriero said:
That was a good call. You bought the BO about a half an hour before the China news.[/QUOTE



The reason behind this up move, to my best guess,is Fed meeting next week,as market expects Fed to cut rate.I have observed such market move before previous Fed meeting when there was another rate cut.
The action is that market makes a correction this week, then runs up again later this week or early next week. That's why I exited for now.
More...
 
The reason behind this up move, to my best guess,is Fed meeting next week,as market expects Fed to cut rate.I have observed such market move before previous Fed meeting when there was another rate cut.
If we repeat what last time market did, it will make a correction this week, then run up again later this week or early next week. That's why I exited for now.
 
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