[Branch closed!] EURUSD - Trends, Forecasts and Consequences (Episode 4) - page 356
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When there is a trend - sell at levels and every 100 pips increase position by 3 pips against the trend - the trick is that you can trade both within the trend and against it - knowing the sweet spot of the price - the risk is of course - if a week is trending upwards - but at the end of the trend or in the middle 70% of the time you will be profitable.
The downside of course - if a week is trending upwards - and you go against it at the start - but at the end of the trend or in the middle of it - 70% of the time you'll be on the profit - but the risk is there all the same
So far so good.
2011.06.22 18:29:14 *FED: Key interest rate will remain exceptionally low for an extended period
2011.06.22 18:29:42 *FED: Economic recovery slower than expected
201106.06.22 18:30:02 *FED: Labour market situation is worse than expected
2011.06.22 18:30:28 *FED: Slower recovery is due to temporary factors
2011.06.22 18:31:18 *FED: Household spending and corporate capital investment are rising
2011.06.2222 18:31:47 *FOMC: Housing market situation remains unfavorable
2011.06.22 18:32:02 *FOMC: Inflation up, long-term expectations stable
2011.06.22 18:33:04 *FOMC: Recovery will accelerate over the next quarters
2011.06.22 18:33:27 *FOMC: Unemployment rate will resume gradual decline
2011.06.06.22 18:33:52 *FED: Inflation should fall as commodity prices fall
2011.06.22 18:34:59 *FED: We will end $600 billion bond-buying program this month
2011.06.22 18:35:29 *FED: We will continue our policy of reinvesting principal payments
One more thing.
I understand everything, but one question is interesting.
1. What is the economic recovery when projected on a currency chart? Down or up?
2. Economic recovery ... Where is its limit, its ceiling? When will this recovery end? Or is the end of the recovery the big decline?
Clarify, please!
And what are the risks in the foreign exchange market?
It means US stocks will start to rise in value... oil will also go up...
Although it's too early to make final conclusions, Bernanke's speech is at 22:15 Moscow time... we'll see there
This means US equities will start to rise in value
when stocks go up the dollar goes down....
when stocks rise the dollar gets cheaper....
Do...
2011.06.22 18:53:51 *NYMEX oil futures prices continue to rise, surpass $95
2011.06.22 18:49:41 *DJIA moved into positive territory, +1 point, after Fed decisions
2011.06.22 19:01:37 *DJIA: +6.77 points to 12196.78 points