This is indeed true.Originally Posted by ;
I think the situation always happens. To make is though it is maybe only 1 pips.
I was hesitant on trading now (beginning the 27th at about 3pm Pacific after NY near the 28th) because of the FOMC meeting. I looked at the EUR-USD and GBP-USD pairs along with a BoxPlay showed up that I took for just shy. I was happy for the 28th's trade day at the stage but told me I'd watch to find out if there was a installment after the FOMC announcemnet.
On a 5m chart I had the AbFibo's, 144tunnel from the background, overlaid on that I have James16's Base 150 set at 144 to coincide with the tunnel. . .There was a text book managed to ride down it till it flattened out to the following pips in demo and set up on the 5m. Both currencies stalled in just a pips of the support shown. Since I enjoy closing my transactions before the end of day, and consider itself a brief term day trader, now was a trading day with about 80 pips total.
. . .so for myself? There was not any disssapointment. . .but them and the turtle and not the hare enjoying with.
:-)
A) My aunt bessie understood the hike was baked in the cake, so for sure it was priced in.
B) it does not matter, the entire point isn't about trading the information, it's all about taking as much money as you can for the time you are willing to spend on trading. It's possible to earn a 300 pip move on a pair within this week if you just play your cards right. It happens all of the time.
C) I really don't understand a lot about anything so correct me if im wrong.
JUst to clarify . . I am short GBY/JPY from 205.56, and whether or not it ratchets up a 100 pips I will likely ride it until ratches down .... But that is lookling at moderate and range,Originally Posted by ;
Sry man, you got me scratching my mind ... I exchange GBY/JPY predied on range ... only price action ... your article appears to suggest something but I dont see it...Originally Posted by ;
USD gained on the euphoric poss. Of even more rate hikes meanwhile the GBP Bulls were pushing for the followingOriginally Posted by ;
GMT
[18:31 GBP/JPY TECHS: Working an External Day Bullish Reversal] New York, March 28. Todays price activity has engulfed Mondays 203.40-205.00 range with its own assortment of 203.20-205.30 thus far. If prices were able to close above yesterdays highs which will be a event in a marketplace that has been lacking defining trend events around the daily graphs. As mentioned GBP/JPY prices found support in the lower Bollinger band with lows and those bands have narrowed the most narrow they've been since October 17, to only 300 pips. Prices lasted nearly 800 points after that into November 4. Additionally, ADX readings are in their lowest since November 29 and prices ranged from 205.10 that afternoon to 213.05 on December 13, also about an 800 pt move. Of course the Bolli diffs along with the ADX had started to eventually rebound something they haven't started to do now, at those things, but it is reasonable to anticipate a rebound. This does not guarantee an 800 pt rally or perhaps that the breakout will be to the upside, but the longer term trend is higher and we have a pending bullish engulfing pattern with yesterday and todays price action, so again it is reasonable to lean in this direction. People looking for improved confirmation of an up breakout should think about a daily close above the March 13 high of 206.20 as strong place to begin. On the downside, in case todays rally is just one more feint, a daily close below the 200-day MA line, now at 202.65 is the first crucial step, followed by breaks of major swing lows at 201.70 and 200.60.