World Clocks

Wednesday, March 29, 2006

Post FOMC Interest Rate Hike


  • Day after Fed rasied SIR 1/4 point.
  • Bullish on EUR after yesterdays drop, climbing back to where it dropped.
  • Exit was a little premature here, only gained +19 after being stopped for -14 ealier.
  • Moves like other days have occured late in the day well after 11am.
  • Observed the Bar Close Rule on entry, so entry was fine here. Stopped the trade too early, had to step out, will exit only on bar close so as to not violate the rule next time.
Posted by Seaducer67 at 1:33 PM

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Disclaimer

Foreign exchange transactions carry a high degree of risk and any transaction involving currencies is exposed to, among other things, changes in a country's political condition, economic climate, acts of nature - all of which may substantially affect the price or availability of a given currency.

Speculative trading in the foreign exchange market is a challenging prospect with above average risk. You must therefore carefully consider your investment objectives, level of experience and appetite for such risk prior to entering this market. Most importantly, do not invest money that you are not in a position to lose.