Possible moves according to FOMC decision today and its likelyhoods opinion based. image

ReadtheMarket - Supply and Demand with Price Action

I am already up +2% this month. Started trading today for the hedge fund account and made a daytrade. Hope this month will be an excellent one for me. Let's see.

ReadtheMarket - Supply and Demand with Price Action

Well you cannot say if kink broke former high by 1 pip or 2 points it is broken, so you need some room for market to have a breath. So I would not be too strict here.

ReadtheMarket - Supply and Demand with Price Action

It is as it is said in the text, it must be V shape that kink and flag is valid, a \ is not enough, it must be \ + / so V in total for a complete kink and other flags here.

ReadtheMarket - Supply and Demand with Price Action

It took a bit longer than expected but I think CHFJPY is ready for a drop now. Last chances for a good short entry, if you want to consider positions early this week. All the Yen pairs are overvalued short term now, my opinion. Even AUDJPY with ...

ReadtheMarket - Supply and Demand with Price Action

GBPJPY already came off over 100 pips, so shorting CHFJPY now is more preferable (for me). So I would suggest from monthly chart and 1H chart that somewhere a minor low for 151.25 to 151.50 should be reached in the next days. The stop could be ...

ReadtheMarket - Supply and Demand with Price Action

I would suggest looking for shorts on GBPJPY and CHFJPY, because the Yen moved (too) much last Friday, if you consider having positions before the red news this week.

ReadtheMarket - Supply and Demand with Price Action

Next week there is FOMC & ECB meeting and then on Friday NFP release too, so very high volatility and lots of fundamental moves, so any tight stops can get broken.

ReadtheMarket - Supply and Demand with Price Action

Tough times, but ended with +5% for my hedge fund account in April. I hope I can beat this in May again. Let's see. Smaller payout this time despite deposit increase.

ReadtheMarket - Supply and Demand with Price Action

You are nasty. I was so kind. I do not need to show anyone anything. Just a bit bored in between of the trades I am doing. I have much more experience than you. But if you want to be an enemy from what I am posting, I will just stop it now. Let the ...

EURUSD only

If I read correct, you are only a programmer, I am a fulltime trader. Also a hedge fund trader so I need to be consistent profitable otherwise I could not get this job. So let the programmers to the admin staff and EAs and indie in mql or any ...

EURUSD only

That is stupid because there are more correlations. All markets are interconnected to each other. SP500 to EURUSD, T-Note aka USDJPY (inverse), Oil aka USDCAD (inverse) and Gold aka AUDUSD. So if USDJPY and USDCAD and AUDUSD have a clear tendency ...

EURUSD only

They are all going down, in direction of a stronger US Dollar even short term, as you can see on correlation chart to SP500 on majors of 10 second charts. image

EURUSD only

I see support from USDCAD for strong correlation. There is major support 1.33627, so the low for today should be reached here. THUS EURUSD is ideal for shorts now.

EURUSD only

Strong support at 1.33627, so actual price 1.33645 is very good entry for a long position. First target is 1.3425 for today.

USD/CAD

Again one short at 1.0968 with Stop 1.0986, target is 1.0880. Maybe this is not reached today, but definitely the goal for this week. There is major resistance at 1.0980.

EURUSD only

Good short entry now at 1.0950, it is actual resistance area. Next target is minor support 1.09275, then 1.0880 target for today minimum. Very good opportunity now.

EURUSD only

See US Dollar stronger this week significantly. So USDCAD should rise to 1.3425 today minimum. But the next main target is 1.3510.

USD/CAD

EURJPY should fall today to 146.45, the next target is minimum 145.55, probably also 145.35. Next support is then at 144.00. But main target is now 145.35 this week.

EUR/JPY

See US Dollar stronger, so USDCHF should rise to the next resistance at 0.9043 today. Then the next goal or end target is after a smaller consolidation is 0.9120.

USD/CHF