Thread: Home Sales and FOMC Interest Rate statement

I've entered long position based on Home info that was negative. Up 10 pips. Will wait to gain 20 pips.

Originally Posted by ;

okay, well you never agreed, however, PAY UP anyway!!!

WOW!

The move was very very slow... but being rejected at 1.8780s

Yes we have some short term resistance there, but we have several support levels under price right now. . Volitility is not good right now.

US September existing home sales down 1.9 pct to 6.18 mln units, as reported on fxstreet.


Have been holding to my Long Position, and it sure is paying off.

Regards all.

There is some term resistence in 8780. Out with 16 pips profit. Not bad.

CHICAGO FED NATIONAL ACTIVITY INDEX FELL IN SEPTEMBER TO -0.51 (LOWEST READING IN A YEAR) FROM -0.06 IN AUGUST; AUGUST READING WAS REVISED DOWN FROM -0.18

Hi all
Is your FOMC web page that the quickest place to read the media release?

FOMC Interest Rate Statement is coming out this day and I would like to observe the way the pros trade a high-impact occasion like this

Before
- Are you really likely to be watching the market and making live calls, or set up orders before the launch?
- Should orders, would you share?
- Do you exchange the first spike or the change after? Both?

Once (article following your FOMC trades are closed):
- to a scale of 1-10, how well did you exchange the event?
- Just how many pips did you make/lose?
- Everything you could have done much better?

Originally Posted by ;

FOMC Interest Rate Statement is coming out this day and I want to see the way the experts trade a high-impact occasion similar to this

Before
- Are you going to be seeing the market and making live calls, or put up orders before the release?
- Should orders, would you discuss?
- Can you trade the first spike or the reversal later? Both?

Once (article following your FOMC trades are closed):
- On a scale of 1-10, how well did you trade the event?
- How many pips did you make/lose?
- What you might have done much better?

Very good thought RVS , it'd be nice to hear from the experienced traders to help us newbies

I am not really sure what type of announcement the FOMC will create but I am looking for dollar power since the majority of the market looks positioned short dollars right now.