I think there is a decent shot this might happen, and I like the potential rr -- took some small positions with wider stops, but its difficult to time because who knows when the fed will release the minutes, may scale in. I usually lose on these ...

The Swamp

It's a "closed" meeting happening right now. url "A final announcement of matters considered under expedited procedures will be available ... on the Board's Web site following the closed meeting."

The Swamp

Seems like the markets agree with you...

The Swamp

possible major moves this (U.S.) morning with the fed emergency meeting. Could be a hike (international desire, but political bomb to crush equities) or a reversal of path (flat or QE). I dunno, but might see some real wicks coming.

The Swamp

I agree, and have been getting negative (and positive) slippage on an ecn broker trading this technique, thus far. Might switch to a market maker, if that works, but not for now.

Central Banks & Big Players

Thank you for your thoughts, I am considering using trailing stop (e.g., like 30 pips - after moving to BE) in conjunction with time expiring exits (basically guessing on how long it takes the market to digest the news - I am guessing that is ...

Central Banks & Big Players

Hi Tony and others who are trading this evolved technique. I am curious on exits for this system when a trade is in profit (profitable exits always seem to be my issue). Full TP is always good, (however defined) but for instances where price spikes ...

Central Banks & Big Players

looking at further downside for uj and with uchf possibly poised to bounce off major resistance, chfjpy shorts could see a nice risk reward

The Swamp

Yep, got you here. I am really unsure on where oil is going though, but looking for opportunities in all jpy crosses generally.

The Swamp

Agreed. Short all the way down, but (although I am greedy) only going for small targets, in and out. Nervous holding shorts because old habits die hard for BOJ. Easy to get burnt, and will get extra cautious around 100. Thing is the closer it gets ...

The Swamp

Yeah, I just don't have much faith in UJ retracing this down move too much, sometimes when UJ moves down like this she only looks back ever so briefly. Daily candle already looking weak, but plenty of time left so who knows

The Swamp

Still holding UJ short. tempted on AJ and CADJ shorts, daily candles might close flat.

The Swamp

So much for that - broke even, cad stalled at 300. Have to watch where Ucad closes today.

The Swamp

Took a pre-news straddle (ala tony) in UCAD and ECAD, UCAD stopped for -30 plus some slippage, ECAD +30 locked and running, targeting +120, but will likely stop out at +60 or +90, lets see. Difficult approach, but been playing with this a bit lately. ...

The Swamp

fresh UJ short again, maybe fresh lows again today or early next week, seems like its got a magnet pulling down prior to G7, gonna get interesting south of 105, that's a lot of power to buy fatty tuna... CAD hot numbers soon - looking for some ...

The Swamp

Yes, my UJ shorts are swing trades, with tight targets (in and out relatively quickly), but my UJ longs have 20-30 pip hard stops with long jumping stops for targets once in profit (not yet) image

The Swamp

A few EJ here and there, but mostly short UJ for a long while now (should have stuck with it and stopped trying to be smart lol)

The Swamp

Broke even on these, tricky pair, thought it was ready to retrace some

The Swamp

I have been mostly short UJ for months. That said, I took some longs here, let's see.

The Swamp