According to CME Fed Watch Tool the probability the market assigns the Fed to pause hiking rates at its next meeting jumped up to 77% from 35% past week . This expectation will start being priced in the next days until the Fed meeting in June sending the EURUSD higher as the ECB will hike in June and July too
And one more truth : In trading , you start with big money and by studying fundamentals , intermarket analysis and technicals you make it bigger. If you start with small accounts and scalping nonsense you go nowhere. Simply , nowhere.
Scalping is the trap the Brokers industry has set for Retail Traders to step in , to overtrade , to think a chart and some lines will make fortunes and fleece them on spreads and commisions . You simply cannot beat the Market sharks in their own play , to trade the noise. And one more confirmation is that the most ridiculous forum members claim being pure scalpers. Like the one below who scalps the Yen and never goes to the Yen forum.....LOL
Big Institutions with billions under management succeed by having decent year over year gains by investing or swing trading . They certainly have no less knowledge and skills than the forum scalping charlatans.
Respect your money and time and avoid playing with the scaping nonsense. No money is made by scalping. Do not fool yourselves you can trade the noise. All this for serious traders with real and serious money.
At 1.0728 I Close the second (still open) Yesterday's Buy at 1.0677 - more 51 pips banked and added to the 30 (1.0640 - 1.0670) , total 81 pips - All Trades , Real , Live and Posted !!........My posts are for Real Traders too !.....
The good US Data has come to be a completely misleading factor for the American economy , as Americans : consume more and borrow more - hire more and borrow more - print new money more , ie borrow more - buy more houses and borrow more........In short , whatever they do , its done with new borrowed money . The bill is coming due ....