Structural FX, page-200

  1. 221 Posts.
    Let's talk news.

    Team.

    Tomorrow - RBA minutes. Could get some good moves.
    Tomorrow night - GBP unemployment. Only trade it if comes in at 4.1 or higher OR 3.9 or under
    Thursday - FOMC minutes - I would watch EU as it tends to have the better moves during statements.
    Thursday - AUD unemployment - Only trade if it comes in 5.2 or higher OR 4.8 or under.
    Friday - AUD - Gov Lowe speaks - Not sure about this one but I'll watch it just in case.
    Friday - JPY inflation - only if 0.4 or higher OR 0.00 or under.

    Remember: 5min chart (or 10/15min, but I find 5min is more reliable). And we're looking for signs of it being momentum or an algo trade. If it's an algo and it breaks below 0.786 fib, we close and go short. 

    Happy to find an example if anyone wants.
 
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