Momentum Falls Off In Front of FOMC

Posted on Apr 26 2016 - 4:06pm by Sharpe Trade

We were knocked out of that EUR/AUD short this morning for a nice 240+ pip profit.  We are still short NZD/CAD.

In many of our processes, we stand as you may have inferred from our ‘Sharpe Income‘ entry yesterday.

Flat.

So we are not looking for any new trades, as momentum in the markets and money flow dies off in front of the impending FOMC announcement tomorrow afternoon.  Our particular approaches to the markets favors waiting until the mania of ‘The Red Hour’ has passed us by.

Until then, we’re simply noting the slowdown in the momentum of ‘money flow’

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