POST FOMC
The Fed cut rates as expected and I have done the following.
EUR/USD added to my sell at 1.4860 which was a little early however my add was very small as I expect it could still test 1.50
USD/CHF added to my buy at 1.0836 as per the plan in my FOMC outlook message.
Added to my AUD/USD sell at .8990 passed on the initial posted entry when market didn’t react to that level the way I would have liked it to. I defaulted to the AUD/USD level that we had been watching for a while now and was later posted by Jonathan of .8990 which was only 20 pips higher than the range posted. Either way you should be ok on this trade regardless on which add level you used.
Didn’t take the NZD/USD as it missed my target entry by around 10 pips. For those of you that did take an entry it has fell back around 60 pips so you should be looking pretty good.
Something to take note of, the fed has cut a 1.25 and the eur still has not been able to make a new high and the USD/CHF has yet to prove to be able to maintain below the former lows which is an indication that despite the incredibly negative data the dollar is still holding its own through this past month. I expect February to show us some nice profits on our position as the dollar makes its rebound.
