AdamFx42's Blog

Avatar

More long opportunities USD on market open?

It is almost certain that the Fed will raise interest rates by 0.25 on Wednesday
I went long Usd on Friday to try to profit from Usd long positioning,
but it did not happen
How is the interest rate hike going to be played by traders?
I would think that Usd/Jpy will take a run at 125 and try to break it after the hike,
but what if the rate rise is already priced in?
I am pretty sure there will be enough action in the follow up to the decision
because this would be the first time a rate rise will …
Read full story
Translate to English Show original
orto leave comments
Avatar

Beginning a new week of trading and updating my strategy

At the beginning of a new week of trading, the market has just opened
It is an exciting start to the week for me, as Nzd/Usd and Nzd/Chf are clinging for life;
holding either just above or on the weekly trendline
If there will be any Nzd recovery back up the price can not move any lower from here
I had to close my position Nzd/Usd at the end of last week due to margin requirement over the weekend
and have started by putting in a buy stop Nzd/Usd around 0.848;
if price action reaches here tonight…
Read full story
Translate to English Show original
orto leave comments