Thu. Jun 20th, 2019

Why did we stop trading earlier yesterday?

Facebooktwittergoogle_plusredditpinterestlinkedinmail

We stopped the Expert Advisor and skipped the possible manual trading opportunities yesterday, because of the Fed Meeting.

Mostly, we don’t care about the Fed Interest Rate Decision, because earlier comments show what will happen, but sometimes the Statement and the speech on the Press Conference can change the trend.

Picture: https://forex4live.com/what-is-dovish-and-hawkish-in-forex/

Yesterday, we expected a falling dollar price, because the comments predicted it. But this time, not the numbers were important. It was not clear, that will the Fed’s signals dovish or hawkish. It was easier and safer to skip trading.

This happened yesterday after the Fed Meeting.

We will probably see a recovery from this fall today. The market will be tradeable today, so we are waiting for a profitable day.

Facebooktwittergoogle_plusredditpinterestlinkedinmail

Leave a Reply

Your email address will not be published. Required fields are marked *