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Fomcpositioning

FOMC trading idea.. Davinci systemMy idea to trade the FOMC today is as follows.. It's based on a system I was taught a long time a go by my mentor. I use it for NFP, and it works perfectly. It's called the Davinci system.. The trendlines you see are based on a rolling 20 bar high/low, and the false break reversal. Basically, when price breaks a trendline, and comes back to it and goes 10 pips above/below the trendline, you enter the trade. So if price breaks this trendline right now @ 1.22606 (which at the time of writing was tested) we will wait for the candle/bar to come back to it and break it in the other direction by 10 pips, and enter your trade. Same if it breaks at the other trendline @ 1.22961 Stop loss is 30 pip from trigger point TP( will depend on your risk/reward) I use Weekly fibonacci points I calculate manually. You'll see them in the pic. PS.. Perfect scenario will be that eurusd rises and breaks top trendline, come back to it breaks it again, enter short, and take profit around 1.22068 or lower.. Good luck!!! I welcome your comments! OANDA:EURUSD
Short
by e0615
1
$ilver Technical Analysis: Bulli$h Breakout$ilver is trading inside of a symmetric triangle. These triangles are continuation patterns 75% of the time. The triangle should break higher or lower within the next couple of weeks. In addition, an inverse head and shoulders is also in play. My play on this move is TAHO, BCEKF, FSM and HL. LOCKED AND LOADED BABY. FOMC day is next Wednesday at 2:00pm ET. This decision could decided which way $ilver will breakout. I am BULLI$H. Here is information on symmetric triangles and inverse head and shoulder patterns: Symmetric triangle: stockcharts.com Inverse head and shoulder:https://www.investopedia.com/…/i/inverseheadandshoulders.asp
TVC:SILVERLong
by VonCharts
Watching 1300-1295 area for a long entry before FOMC meeting.Blue vertical lines are a day before FOMC interest rate raises. Seem to be stuck under the .382 of the fib channel, which could signal more downside. RSI in the middle but pointing down. TSI under zero which signals to stay short. I am short looking towards the 1300-1295 area to enter a long position before we go up after FOMC announcement (based off of past interest rate increases, and if the FED decides to raise). However, the blue lines show correlation and not causation. This means that even though gold rallied after the FED raised interest rates during their FOMC meetings, it does not mean that it will do it this time as well, or that the rallies were directly caused by the interest rate increases–even though the charts seem to be biased towards this effect.
OANDA:XAUUSDShort
by AfterMidnight
EUR/USD FOMC ForecastHello Traders, The market is in a range with price action lacking a firm direction and clearly waiting for a fundamental factor to drive it in either direction. The FOMC meeting tomorrow will be such a driver and we have two outcomes below along with our rationale. Outcome 1 - Rate Hike and Bullish Press Conference - 65% Likelihood: We favour a bullish statement and press conference from the FED given Donald Trump has signalled pro business policy and major infrastructure spending. We believe that this will put pressure on the FED to act now and raise rates to accommodate expected economic growth over Trumps first 100 days in office where his policies will be announced and actioned. Outcome 2 - No Hike and Dovish Press Conference - 35% Likelihood: Looking at the chart the market is waiting for direction. In the face of Trumps bullish growth ambitions the market is still undecided on the direction of the FOMC. We then keep our options open on a surge in the Euro as this outcome would mean the FED don't follow the President-Elects view of increased economic growth through infrastructure spending and pro business policies. How to trade: We suggest orders placed on the fringes of the blue box in either direction with small risk stop losses, it's likely price will surge in either direction on the rate decision and statement. Price will then fluctuate during the press conference however it is likely the comments in the conference will be supportive of whichever direction price moves after the rate decision.
Short
by EuroDollarExpert