Another wood to fuel the long GBPUSD? Hmmm... wished I havent closed my long GBPJPY position yet...

$ for the week of 10/2

Reminder: EUR is expected to raise rates thursday. thats a sign to go EUR bull.

$ for the week of 10/2

FYI: According to mouteki system, GBPUSD is due for an up move since the last candle ending last friday. There is no scientific reason behind this system but heck it was making good calls! SWEET! I wished I did not hesitate last friday... but being ...

ISM- Red Alert

@learningtheropes Good thing that you had entered 8725.. and still in trade.. my earlier position exited at 8800 with a minor profit (very small lot) - wished i did not have a TP there However, after ISM, I went long @ 8832 and exited at 8857 (Fibo ...

ISM- Red Alert

Even with ISM came out USD negative, it was not able to move GBPUSD, EURUSD up much... seems like the steam just run out with that 100+ pip pre news move..

ISM- Red Alert

over 100 pips in an hour? seems that the USD sentiment is gone

ISM- Red Alert

Seems that a bad ISM number is currently priced in with the recent upmove of EURUSD and GBPUSD... Should ISM come better than 53.5, we'd see another day of USD rally...

ISM- Red Alert

Interesting Trade system! If I applied it correctly, it is telling me to start BUYING in the last candle as shown. Am I right in the application?

Mouteki Trading

It came out 0.2 as expected and USD rallied once again. shorted at 1.8670 to 1.8640.

Trading the Core PCE on 9/29

IF PCE plays a big part in GDP, and since GDP (yesterday) was lower than expected, perhaps, PCE is lower also... Expectation is 0.2% Core PCE; if the result comes out 0.1% and up, i expect it to be USD bull. I personally think that only a 0.0 (or ...

Trading the Core PCE on 9/29

I dont have enough past info on PCE... anyone care to fill us in on how currency pairs react to PCE? based on 2 charts, I can only say that: 1. if the first minute move is strong, expect a reversal 2. if the first minute is weak, expect a long trend

Trading the Core PCE on 9/29

A very strong storm just blew over our city and many power transmission lines fell from the heavy gust. We were left with no electricity since 10AM (10PM EST). I have been running on notebook power reserve since US GDP... By this morning (my time), ...

Trading NZD GDP today at 6.45 EST

That is why I abandoned Straddling with IBFX on minor news. Secondly, I noticed that GDP is not straddle-able anyways (only 2 winners vs 6 possible killers) considering the widened spread. However I was able to fade with IBFX today.. ended up with 6 ...

GDP

How is the PCE computed? Is this number to be released for a single month? and the Annual PCE would be the sum of these monthly PCEs?

Trading the Core PCE on 9/29

Defenders of the USD have returned home from vacation? Personally I was thinking "its not that bad" and the number was for August (traditionally slow month) - so what do you expect?

GDP

Seems that I have "rusty" timing today. The number came out 2.6 (actual) vs 2.9 (estimate). A 0.3 is a mild deviation favoring current USD Bull sentiment. The first minute shot up with an immediate reversal. Straddlers would have died in an instant. ...

GDP

Or better, each one complimenting each other going in opposite direction! ie, Good US with Bad Can Number (Long USDCAD) or Bad US with Good Can Number (Short USDCAD)

Trading the Core PCE on 9/29

Expect reversal/retrace if the actual is within 0.5 of the estimate... We have Bullish USD for this week. Therefore expect the same sentiment clouding most traders out there.

GDP

It is so "unconvenient" to have major CAD and USD news released on the same time.

Trading the Core PCE on 9/29