Community
Blog
megajorko's Blog

megajorko's Blog

Avatar

The day after the storm

megajorko Posted 21 Sep.  in #Trader's blog #Fomc
Hello traders,
As you all know yesterday was a big day due to the FOMC minutes and decision. Rumors are that fed decided to unwind their balance sheet by several billions monthly. There was also comments that the interest rate will be raised 1 more time this year, so the hug spike in the dollar was absolutely normal and it returned to normal levels before NFP. For me such predictable movements will lead to some strange price action in the upcoming days so again caution is necessary. I will try t…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

EURo and gold

megajorko Posted 17 Nov.  in #Trader's blog #Fomc
Hello trader,
This was absolutely wrong prediction made by me. I was so stubborn that euro will rise and there where so many bullish traps that I fall in 2 of them and lost 50% of initial equity. My original prediction is still intact 1.062 a level of stop buy or stoploss (which I couldn't reach because of Margin call) I have lost all the chances for the contest but I can make some analysis of the reason this has happened. First tomorrow is FOMC meeting and maybe there are a lot of potential ene…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

1 Comments
pipx avatar
pipx 18 Nov.

If it breaks past this, it will be fun watching gold bugs go hysterical and start dumping only for larger institutions to soak it up at 900 then sell it back to them at a higher price. Its times like this I wish I had a coupe millions in an account somewhere :-)

I don’t think the EUR trade was far-fetched; I bought it too, but got screwed by news and the fact that it was Friday and I was out making a beer run and didn’t move my SL.

orto leave comments
Avatar

Will yen leave the gravitation?

megajorko Posted 5 Nov.  in #Trader's blog #USD/JPY #Fomc #Rate Hike #Stimulus Program
Hello traders
There are some signs of USD/JPY leaving the gravitational force of level 120. There is something similar to a double bottom formed. Everything depends on FOMC statement this month which will give a clue on possible interest rate hike in December. There are no signs of Japan stopping their stimulus program so if the price exceeds 4-5% (125-126) there will be clear sign for new bullish momentum. On less than 3% jump the attraction of 120 will still be in play. We must follow the indi…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments