Today is FOMC minutes, majority of my followers know what we do here, but for those who don't know:
Events like these mostly have impact, so far we trader 4 events and evry one of them was predicted in right direction. I am using High Frequency technologie that shows me possible signal of direction. Why I do that is just to know where the market could go when news come out. We execute trade 2 mins before the news event thus make money while most people stay out. I suggest you to go thru this idea and read it:
I also will attach all events we traded in related ideas under this idea.
Remember that all xxx/usd and usd/xxx pairs can be traded, but I prefer to trade GOLD .
But you can trade eur/usd , aud/usd , usd/jpy , dxy , and so on!
As always I will be live on Periscope 5 mins before FOMC minutes and give you guys live feed, and of course update this Idea with signal I have.
But as far as for daily swing trading, I personally hold sell from 1256, that I took with you yesterday, because it never kinda broke it back and there was no clear stabilization above that Transition level.
And my Initial target is 1237, after this point is reached I will look to turn very very .
BUT if 1227 is broken I will be very very .
Thank you for your support guys, I enjoy being with you here!
When the bottle is bone dry, I smoke the Cigar!
I may consider adding to my sells on 1256 test.
It should touch it now, and continue the Cognac party.
Need to test it back, just like yesterday.
Only difference today is that yesterday 56 was buy transition, today it is sell transition. Gold came down breaking it, now we should see a test of it, and then continue to drink the Bearish Cognac till the moment when Bears get totally drunk, is when Bulls should light up the Cigar.
Thanks Lio, and everyone!
This is because we have some Cognac.. without it, we were not so accurate yesterday! Let em get drunk! We look for Cigars later!
Bouncing from Transition to Transition.
I am holding sells, but I always suggest people to take money while it is on table, you get plenty of trades, don't worry. We have Transitions every day!
You had a chance to take 5$ move!
I am still for this target.
See you on FOMC. Let's see where the price will be before the event.
And remember, FOMC is the most crap there can be, so there is no guaranteed liquidity.. and event can be very weak with no impact whatsoever!
I don't want to put people under risk and trade it, because I care.
Last signal it generated was long, but then it changed direction and turned flat, this is due to internet connection problems, since High Frequency requires enormous internet speed. I WONT PUT YOU UNDER RISK.
So this event is canceled.
Last signal was long on Gold but do npt trade it!
I am very sorry, I cant do nothing about this.
We could have made nice profit on this trade, but I Value risk factors more than anything. I am very very very sorry guys that this happened, I just didn't want to risk since software glitched, I could be wrong and a lot of people would suffer!
Better luck to us next time!
See you on next daily Idea!
Thank you for your support!
And sorry one more time.
Friday Yellen Speech will have huge impact so I want HFT to work on that.. because money is to be made!
See you on fresh one!
Why Bear Cognac and Bull Cigar?
Bears drink cognac the whole day.
Then Bulls lighted up the Cigar ( candle )