EURUSD Probable Leading Diagonal (Short)

FX:EURUSD   Euro / U.S. Dollar
516 11 9
Let see how this plays, enjoy your trading everyone :)
Comment: Correction in stop loss it is 1.11705 for Alternate wave count
Trade active: Went short from 1.0987 Stop loss 1.11705
Comment: Stop loss moved to 1.10600
Comment: Stop loss moved to 1.0960
Comment: Stop loss moved to 1.0952
Trade closed: stop reached: Stop loss filled at 1.0951
FED raised the rates
Although trade didn't reach the target but it still was a profitable trade..... Trading before FED was all about tight stop loss.
WIl go short again, if it will go break the prior swing low
Keeping a very tight stop loss as FED meeting nears.....
Hi kayjay Would you close ahead of us fed rate hike meeting and how would you think Eur/usd would play out on dec 16 european session. regards.
Well I'm not an expert but I think my trade will reach its target before Fed decision whereas I'm using tight stop loss just incase the market gets crazy because volatility will go haywire on 16th and it is wise to stay out of the market before the Fed meeting, cause it can go either way.
Thanks Kayjay , I know, you know much more than you wish to admit. It is always nice to meet Sincere and humble traders like you.Tomorrow, My India Time, I would look for Intraday oppurtunities . on Short Eur/inr (expiry). But still I still feel Eur/usd would spike upwards after Fed rate hike or not. regards
That is very kind of you.... I long time ago I read in a book saying " Market is always neutral " meaning that no one can push the market in their own direction, it will do whatever it like, it is we the traders who have to follow the market..... The best thing I've learned and works for me is to have patience,good money management,trade simple setups and stick to your targets don't let the news get you on the wrong foot and the last but not the least (my own one :-P) trading is all about probabilities, do your charting with what ever methods or strategy you like and layout probable results and go with the higher probability trade :)
Well as I said before I'm still learning, So you should read books and seek guidance from some experience traders, Good luck and have fun :)
THANKS , I would do that and I do have an experienced Trader Brian Twomey from Usa . I keep writing to him from time to time. you can check it out. https://twbrian.wordpress.com/2015/12/15/the-odyssey-of-eurjpy/
Good analyse..That was also my thoughts but price is getting lazy/slow. Xmas coming??
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