Show Buttons
Share On Facebook
Share On Twitter
Share On Google Plus
Share On Linkdin
Share On Pinterest
Share On Reddit
Share On Stumbleupon
Hide Buttons

Well Its Official Quantitative Easing Is Going To Happen

The long awaited news on Quantitative Easing is finally out and QE is going to happen. The Fed have stated that they will be pumping 40 billion per month into the US economy. With what they already pump in that will take the total to around 80 billion per month. These numbers are mind boggling if you ask me. The richest man in the world is worth around 80 billion, so that gives you some idea of the money they are pumping in.

We had a great long set up on EJ yesterday, but we did not take it because if triggered right at 5.30 as the news was coming out. I don’t trade through the news so we stood down. If we had taken the trade we the trade would have paid out 150 pips so far.

On a positive note we did take one trade yesterday before it all kicked off. It was a Euro short trade. The entry was at 12928 and exit was at 12889 for 39 pips.

After this big move up over the last week, i am looking for short trades again today. This move up has to be corrected today. The Euro has moved up over 600 pips in the last few weeks without any serious retrace, so it has to come back at some point in my opinion. Friday is usually a squaring off day for brokers so i am expecting a substantial move down today at some point.

If you are in the markets, have a great trading day.

Leave a Reply