What Me Worry?
I hate FOMC days – no matter if it’s the notes, an announcement, or just a speech. Usually the entire session is a waste and I rather spend my time attending overdue chores or just hitting the gym (did both today in spates). A few of my Forex campaigns have been taken to the woodshed overnight but except for two I got out at break/even.
So I shouldn’t really worry and just let my campaigns do the talking. With that said let’s take a peek at the survivors and two of the losers – in no particular order:
GBP/CAD – I got super lucky here. I had it set to flip a few pips below 1.85 and somehow I didn’t get snagged. Looking good now and I’ve advanced my stop to the 100-hour.
ZB – what a damn dirty shame on this one. I’m pretty certain we’ll see another break out attempt here and I got stopped out at break/even by a few ticks. Well, it happens, no sense getting one’s panties in a twist over it.
Crude – what a shame! Same sentiment as on ZB actually. This one is actually coiling up for a big move and I’ll probably work my way into an entry here again soon. Stand by – I have a feeling we’ll be seeing this one soon again.
USD/JPY – didn’t break a sweat on this one – progressing nicely and I’ve moved my stop near the 100-hour.
NQ – ditto on this one. It pays to get an early entry and if we can hold into the close we should be able to leave behind that 25-day SMA. Moving my stop below the recent spike low.
And that’s all for the day – no new campaigns – let the market digest the FOMC minutes first. Tomorrow is another day.
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