The FED Wrestling With NZDJPY

Yesterday, The Fed was involved in trades totaling 13.89 lots. It must have gotten impatient overnight. It decided enough was enough and wanted to make sure these trades were closed out by the weekend. So, it decided to raise the stakes. The Fed is now 10 lots deeper in trades, totaling 24.36 lots. And, from my understanding of this graphic, it is ready to go in deeper…4.97 lots deeper. Every time it buys more lots, it alters the “Take Profit” number. The sooner The Fed can “take profit” the sooner it can close this series of trades.

The Fed is committed to closing these trades. I don’t know when they will close. My hope is profit from the trades will give a nice boost to this trading account. My May is looking VERY good so far!

About Andy G

Semi-retired dad of 4 biological kids and many others kids. Eyes on eternity while enjoying the blessings this life has available.
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