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Thread: Technical Look and Daily Cals

  1. 06-28-2006, 03:34 PM #166
    int001
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    thanks... i guess the actual decision will be released tomorrow around 2pm EST. (please correct me if i'm wrong).

    i think most people are expecting a 25 bp hike. but more importantly, the language will be key. if the statement implies potentially more hikes to come, i'd bet the USD starts strengthening and as long as no key resistence levels are broken, i'd be selling Cable and buying USD/JPY, but i'd expect choppy trading. However, if the statement suggests that they are leaning towards ending the cycle of rate hikes, then i think it'd be easier trading and i'd pretty much sell the USD across the board.
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  2. 06-28-2006, 03:45 PM #167
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    FxDiva
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    FOMC

    Quote Originally Posted by int001
    thanks... i guess the actual decision will be released tomorrow around 2pm EST. (please correct me if i'm wrong).

    i think most people are expecting a 25 bp hike. but more importantly, the language will be key. if the statement implies potentially more hikes to come, i'd bet the USD starts strengthening and as long as no key resistence levels are broken, i'd be selling Cable and buying USD/JPY, but i'd expect choppy trading. However, if the statement suggests that they are leaning towards ending the cycle of rate hikes, then i think it'd be easier trading and i'd pretty much sell the USD across the board.
    Good call. That's what I plan to do.

    Fx Diva
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  3. 06-28-2006, 03:47 PM #168
    WhiteSea
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    I am in the UK so the release will be 19:15 UK time, which will be 14:15 EST.

    Personally, I hope they raise 25bps and signal that they are coming to the end of the cycle. Even better if they throw a spanner in the works and pause now !!
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  4. 06-28-2006, 06:38 PM #169
    SisterCurare
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    Quote Originally Posted by varun
    Well i was plannin to trade it.. but don knw how to go abt it.... any idea wht shld be the approach

    Cheers

    Varun
    My advice would be to stay on the sidelines until at least 14:45 EST, maybe even 15:00 EST to allow price to whipsaw until a trend emerges. So you should probably close any positions you have open before the announcement is made and exercise patience before entering any new positions. Remember, it's the statement that's important, not the actual hike. Unless they go with 50bp which is extremely unlikely.
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  5. 06-28-2006, 11:28 PM #170
    TrueOrange
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    Quote Originally Posted by SisterCurare
    Is anyone planning on trading the FOMC policy statement?
    I've already settled in positions planning for the FOMC decision. If I'm wrong, which I doubt, I can quickly flip my positions the other way. All positions are severely in profit already anyway
    http://trueorange.myfxjournal.com
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  6. 06-29-2006, 04:44 AM #171
    varun
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    No Trade Cal

    Well as of now we are approaching the FOMC so the market has become quiet and there is not any substantial move to see which side are we heading.. bfore the FOMC is out nothing is clear so even the chanels are not giving a clear pic of the market... So i am gonna stay out till the FOMC is out i dont have any positions as of now and wont form any until i find a strong reason on chanels to do it...

    Will keep you informed

    Cheers

    Varun
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  7. 06-29-2006, 11:01 AM #172
    varun
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    Quote Originally Posted by SisterCurare
    My advice would be to stay on the sidelines until at least 14:45 EST, maybe even 15:00 EST to allow price to whipsaw until a trend emerges. So you should probably close any positions you have open before the announcement is made and exercise patience before entering any new positions. Remember, it's the statement that's important, not the actual hike. Unless they go with 50bp which is extremely unlikely.
    Thnx for the advice Sis.. appericiated

    Cheers

    Varun
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  8. 06-29-2006, 02:27 PM #173
    SisterCurare
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    Wow, what the hell happened?
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  9. 06-29-2006, 02:29 PM #174
    SisterCurare
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    Was anyone expecting this? 130 pips in 15 min, wow.
    Last edited by SisterCurare; 06-29-2006 at 02:32 PM.
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  10. 06-29-2006, 04:06 PM #175
    dayjour
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    Thumbs up thanks Varun

    dear Varun,
    I always read your messages and i appreciate them all, you well done,
    thanks for your advices even i didnt follow them and i lost many times,
    regards,

    Varun[/QUOTE]
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  11. 06-29-2006, 07:00 PM #176
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    FxDiva
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    130 pips

    Quote Originally Posted by SisterCurare
    Was anyone expecting this? 130 pips in 15 min, wow.

    No. I didn't expect it, but I do appreciate it!

    Fx Diva
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  12. 06-30-2006, 04:18 AM #177
    varun
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    Quote Originally Posted by FxDiva
    No. I didn't expect it, but I do appreciate it!

    Fx Diva
    Well to be honest i was expecting this.. and went long on eur and gbp 5 mins before the news with a 30 pip sl.. well rest is history.. didnt post that cal out here because it was nothing on chanels that i trade.. it was just a gut feel... so didnt wanted to put ur money at risk....

    Cheers
    Varun
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  13. 06-30-2006, 04:21 AM #178
    varun
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    Trade cal

    Well on the chanels i see supp at arnd 8290 and this seems a good level to renenter and follow the up move.. well abt the target will keep you informed and keep your sl 40 to 50 pips below.....

    Cheers

    Varun


    ***Please remember the ideas and TRADE CALS that i give is my own view of what i think is going to be happen these are not trade recommendations... Use your own analysis to judge the market. I dont take any liability for any loss caused by following these ideas***
    Last edited by varun; 06-30-2006 at 04:26 AM.
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  14. 06-30-2006, 04:36 AM #179
    aus1way
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    Morning all

    As we are trading in dollars I thought some of you may find this site useful, www.jsmineset.com. It is one mans view and at times quite a strong view but I truly believe he has his readers best interest at heart. If you look into the background of this man you will find he is well worth listening to.

    hope its of some use.
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  15. 06-30-2006, 04:39 AM #180
    SisterCurare
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    Couldn't agree with you more. I've got an entry order all set and ready to go.
    Last edited by SisterCurare; 06-30-2006 at 04:42 AM.
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