Open trading account 
I'm starting to think that I understand better what happened last week and why I took unwanted losses. Most of the time when I opened a position I was just too late and the market already discounted the news I was trying to trade. The March rate hike coming in less than 2 weeks is almost 90% sure thing. During Yellen's Friday speech the price action clearly showed that for now many pairs have bottomed out. Kiwi to the US dollar around 0.7000, aussie dollar close to 0.7440. EUR/USD at 1.0490 and pound to dollar just above 1.2200. Now there will be a rebound for 2-3 days and then dollar advance will resume before NFP and FOMC meeting.
The only job now it pick the correct levels at which long dollar positions could be established again. I think Eurodollar short would be perfect around 1.0690 and I hardly see it going above 1.0710. For USD/JPY it is probably 113.20 area. With the other pairs it might be a bit more tricky so I'll be carefully watching the price action on Monday and Tuesday.
The only job now it pick the correct levels at which long dollar positions could be established again. I think Eurodollar short would be perfect around 1.0690 and I hardly see it going above 1.0710. For USD/JPY it is probably 113.20 area. With the other pairs it might be a bit more tricky so I'll be carefully watching the price action on Monday and Tuesday.
