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ECB rate decision coming up

AdamFx42 Posted 21 Apr.  in #Trader's blog #Ecb #Draghi #Rate Interest
The ECB rate interest decision is up in about half an hour
Traders all around do not expect the same fireworks as last time
Mario Draghi will probably be (much) more dovish this time
This could mean a drop in EurUsd
I am selling on my live account just below 1.14 (if we get there)
There is a possible H$S forming on the daily chart
gl all
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3 Comments
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AdamFx42 21 Apr.

wow - I was exactly right - bagged 120 pips in minutes :-)

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OneGoodTrade 24 Apr.

You have found some good rules to trade interest rate decisions. NZD was a good one too a few weeks back :)

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AdamFx42 25 Apr.

Thank you, it is all about avoiding greed and taking small positions that could lead to great profit, but will yield low loss if data surprises _ I will only execute trades that fit these conditions

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More fireworks on the agenda today

AdamFx42 Posted 21 Jan.  in #Trader's blog #Ecb #EUR/USD #Interest Decision
After yesterday market turmoil after the Canadian interest decision we have ECB today
Expected is that a less dovish tone today could help Eur/Usd break above 1.10
After last months speech that sent Eur/Usd up 400 pips traders are expecting a big move in Eur
I personally think that we may be expecting too much from today's decision
Markets are in retreat all over the world
The commodity crunch is hurting investors and it is bound to affect currencies more that now
gl all today
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