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Nov 18, 2016 2:08 PM

FOMC // Trading the speeches (scalping idea) on 1.06 Short

Euro Fx/U.S. DollarFXCM

Description

Hello!
Dudley and his governor friend George are out to speak in less than 25 minutes and the US market and EURUSD is not making a noise since. At least on Minute 1 chart I don't see anything that catches my eye, but we should see a fine spike on M30 if it reaches 1.0600 (roughly) and take advantage of that. I'll show you how and I will be updating this idea as time goes by!

Thanks for checking this out.

Comment

I haven't opened a position yet, I'm standing by for an upward spike.

Trade active

BOOM! what a spike! Sold EURUSD on 1.06148 and my position is up!
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Trade closed manually

This is the best trade I've had in days! Hell yeah, 350 pips (trading Minute 1 chart) !!!!
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It went short as mentioned. Now enjoy your profits :D

Trade active

Reached target 1.06034, it went short all the way as stated.
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I'm opening another short position to scalp with 1 lot. Hope I do well.

Trade closed: target reached

prntscr.com/d90f6h
Hey, well, not exactly target reached. It moved lower for 30 pips extra, but at least it was money... right? :D
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