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Back at around BE

The bad part is that again I've manage to lose all my previous gains but the good part is that I'm still overall net positive on the month. Last two trades that I've took in EUR/USD and GBP/USD in which I had dollar long exposure turned out to be bad trades as both of this pairs have continued to climb higher. I thought that the FOMC minutes will boost the dollar but I was wrong, however I'm not quite sure what was so dovish about the Fed statement that the dollar couldn't rally.
Right now i'm b…
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bodyart23 avatar
bodyart23 9 10月

Il ne faut jamais trader  pendant les  News ( FOMC-NFP)  C'est la méthode typique pour griller un compte . Après  c'est beaucoup mieux

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AUD/CAD Short Trade Explained

This was my second attempt shorting AUD/CAD, if the first trade ended up at BE which was still a good play taking in consideration that I was able to protect myself and minimize any losses. You can find more about my first short here: AUD/CAD Short Position Explained
On my second trade that I'm going to explain it here even though my timing wasn't perfect I still managed to get +54 pips profits out of this trade. The premise on this trade was again based on the fact that the higher time frame bi…
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FED Timing the Rate Hike

When it comes to monetary policy among developed economies, FED is the most hawkish central bank and today's FOMC meeting will reinforce that stance. However this hawkishness is already price in and the market is already expecting a rate hike but the timing of the rate hike is what the market focus is right now. A rate hike today is out of cards as the market probability for a NO rate hike is 98%. Even though few months back my assessment was for Jun rate hike following the 2004 template, many t…
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Gambling Everything On One Card

Yesterday was my only chance to produce some goods trades and enable me to get closer to the top 10 and I had to force myself and gamble my entire account balance on one trade: long the Dollar. Since I couldn't have the luxury of time, I have to guess and put my bets in advance of the FOMC statement.
In hindsight is quite simple to judge why the market has reacted the way it did, however we as trader had to come with the proper plan before the market movement. Even though Fed dropped the word …
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Be "Patience" over the FOMC

The top piece of event risk this week is right ahead of us, and that is FOMC rate decision and the post-announcement press conference from Fed chair Yellen.
Today's FOMC decision it will have
broad implication on different assets classes. It's quite important to remember ourselves that this is not just about the rate decision but there are also other elements attached to this which is the
updated forecasts for growth, inflation, employment.
It's quite weird that the FOMC announcement has come d…
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EUR/USD leading USD/JPY. FOMC vs NFP Fractal


Yesterday I was walking through my charts to prepare my analysis for the coming week and I have found an interesting Fractal (see Figure 1)that may help you track the price action on USD/JPY on every level. But even though we're comparing two historic periods with 2 different events (FOMC/NFP) and it may be the case the market reaction on this two events may be different historically the only reason why I trust this fractal is because it's converging with my previous view on USD/JPY that you ca…
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Berkeley avatar
Berkeley 11 1月

I wish you well for the next couple of days, dude! ;)

Daytrader21 avatar

yoooo Berkeley I wish you well not just for the next couple of days but for the entire year:)

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FOMC Minutes- Main Risk Event Of The Day

Beside BOE minutes and interest rates decision there is nothing else on the news wire that can be a market mover except the FOMC minutes. The only thing that matters for investors is to look for more clues as to when the FED will start hiking interest rates.
When it comes to the bond-buying program Fed Chair Yellen has been very clear that the purchases will end in October so traders will look to this FOMC minutes to provide clues for rate rise timing. When it comes to timing next hike in rates …
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EUR/USD FED Tapering Effect (part 2)

It's that time again when all eyes will be on FED and US economic data as today we have two important figures scheduled to be release. Not only that we have the FOMC decision as main risk event on top of that we also have the US GDP figures and US employment figures.
Market expectation for this week's FOMC meeting has not changed as QE tapering is on an autopilot and we should expect another $10B taper. The focus will be more on the updated Summary of Economic Projections (SEP) which will g…
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EUR/USD - Fed Tappering Effect

Since I'm already out of the Trader Contest without having any changes to get back in top 10 I just want to take the time and talk a little bit about the main event risk of the week: Fed Monetary Policy Statement
Last time I have talk about this issues was 2 months ago and you can find my blog post here: Fed Taper Effect
Market expectation for this week's FOMC meeting has not changed as QE tapering is on an autopilot and we should expect another $10B taper. The focus will be more on the u…
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FOMC Minutes

We just had such a bogus session for the dollar, not only this past session but during the whole week. But lets just focus on the FOMC minutes and dollar reaction. If we analyse careful what has changed in FOMC statement we soon realize that the Fed message is the same.
The only thing that is driving the dollar down is the interest rate expectation and the fact that Yellen has been misleading the market with her comments that Fed is willing to raise rates in about 6 months after the QE progra
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Jignesh avatar
Jignesh 10 4月

I agree with what you're saying. ping-pong playing with the US Dollar.When I first heard that Yellen gave the 6 month window / more emphasis to interest rate hike it was a red flag though.  Even if that is what her intentions were, it's not appropriate to say it and I think she made a rookie mistake there to begin with so no big shock after today's retraction like statement.

Daytrader21 avatar

I'm sure Bernanke would have had a much better answer than Yellen, explaining what "considerable amount of time" means. But I guess, right now, he is kind of busy: earning $250K/speech :))))))

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