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Forex Signal (Tuesday August 30, 2011 NY TIME 2:00pm EDT) - FOMC Meeting Minutes

Discussion in 'Current Forex Trading Signals' started by Stavro D'Amore, Aug 29, 2011.

  1. Stavro D'Amore

    Stavro D'Amore Former FPA Special Consultant

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    Hello

    Today we have the FOMC Meeting with minutes.

    Pair to trade: EUR/USD
    We need: Sell EUR/USD: Hawkish comments
    BUY EUR/USD: Dovish comments

    Economical Impact: High
    Typical Result: More hawkish than expected Good for USD Currency
    Occurrence: 8 times per year, 3 weeks after the Federal Funds Rate is announced
    Spike Probability: Mixed, we can see high volatility during this release

    What is it? And why does the market care?
    The minutes provide detailed insights regarding the FOMC's stance on monetary policy, so Currency traders carefully comb them for clues regarding future interest rate shifts

    Method to trade this:
    Stavro D’Amore Trading Method

    Approximately 5 minutes prior to the news release I will be looking for a short term SHORT position using EUR/USD pair. I would be out of this Short trade 30Seconds before the FOMC meeting minutes begins.

    During the FOMC meeting I will look for an instant move of momentum, if I see more than a 25pip mini spike I will go with the trade that way. And place a 20 pip SL not including spread.

    I will exit this trade when I see a bottom forming or a resistance level.

    Please make note that Liquidity will be in the EUR/USD pair and at the moment this pair has been Bullish, so if we get a hawkish comment from the FOMC meeting we could see the bears run into this pair and drive it bellow well bellow 1.4430, Please keep in mind that this pair can bounce a lot during this release.

    Historical Chart and Data for FOMC meeting Minutes

    all the best

    Stavro D’Amore
     
    #1 Stavro D'Amore, Aug 29, 2011
    Lasted edited by : Sep 8, 2016
  2. akintunde emmanuel

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    hello there

    hello, am new here and don't know how to use this news signals
    in my counry's time, we use GMT+1.so what time is the meeting gonna hold?
    please can you explain how i can make use of this news signal?
     
  3. Boko Maru

    Boko Maru Sergeant

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    Go to the commercial threads to promote your service. Even Starvo doesn't promote his services here, and I greatly respect that. And by the way, a 50% management fee is outrageous. Even the very best hedge funds only charge 25%.
     
  4. Stavro D'Amore

    Stavro D'Amore Former FPA Special Consultant

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    Please Respect all

    This forum is to assist people in news trading, it is not to promote my services or other services, if people want to look other people up they can Google them to find there services they have.

    Jees im in the wrong business... wish some one gave me 50%!! High way Robbery!!

    Soros only takes 3% MER FEE.
     
  5. RahmanSL

    RahmanSL Major

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    Old Soros only takes 3% management fee???

    Hmmm, no wonder he never got back to me on my usd100 investment funds : )
     
  6. Stavro D'Amore

    Stavro D'Amore Former FPA Special Consultant

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    this is very true!
     

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