How much time before announcment are you taking in consideration?
At USDJPY was your strategy working perfectly.
But I am confused how to explain movement of S&P. Few hours before announcment it was moving down. Then two hours berofe it turned up. And then one hour before again down. So do you...
I agree. I am also very bearish on USA and most European Indices.
On wednesday are many important announcemens during the day. So I think that the market will be very volatile during the day so it will be difficult with small stop loss.
Anyway, I am thinking to enter short around 14000 with...
Yes, we have really strong resistance around 1400. But the pin bar is quite small. It is not indicating a big reversal. I thik that most of investors are waiting for the FOMC Announcement of tomorrow. After that I expect a big move.
I was also looking at XAGUSD and It seemd like a good setup to enter. But bacause I always look at silver in connection with gold, crude oil and EURUSD I didn't enter, because I am more bearish for EURUSD and crude oil for next days.
I am complicating too much?
BTW: Great thread. I learned...
Hello!
I am 25 years old living in Slovenia. I started learning about the stock market two years ago. I started to trade one year ago. Mostly I swing trade certificats, warrants, cfd and gold on FX.
Regards,
Erik
- With the profit of previous year I will open a new account where I will have trailing stops and smaller spread for some instruments.
- I will learn a lot from this site:)
- I will graduate
Happy and profitable 2008 to all members here!