Hello Everyone!

Our friends at the FOMC did not meet us at the door with a bottle of 1951 Chateau Lafite Rothschild …more like a bottle of Ripple from Apu at the corner Kwik-E-Mart!    

We did receive typical rhetoric out of the Monetary Policy announcement full of downside risk and weakness across the board…and again with classic ”Counter-Intuitive” behavior…the Dollar sailed.

So how is the Queen anyway?

When we last had a visit with Her…She was still trying to hang onto the Empire.

A stout rebound off of the major swing Low @ 1.35 gained some traction and well-needed support since Monday.

So…was this Her determination?…or the Dollar simply taking a Nap?

As of Post-Time…the Latter appears to be the case.

“CVJ…If you love the Queen, Cable, so much…Why don’t you just move there!” , the CVJ Guys say with indignation…

“Hmmm…”, I say…

The culture and history of London? …I could handle that quite well !

(We will get back to this later in the Post…)

Here is the Hourly, so give it a click…and Post-Time is 3:50 GMT.

As we have spoken of the U.K. fundamental woes lately, we will not revisit them here.

Let’s simply go by Price action and check in with an Update later in the day to see if any of these levels remain in validation or are breached…as we have plenty of U.S. Data Points to digest with Initial Jobless Claims, New Home Sales, and Durable Goods.

We will see if the Dollar will continue its’ “Fear-Based” Counter-Intuition…or if the Queen,  indeed, does have some life in Her yet!

“And Now…Back to Our Story!”…..

The CVJ Guys bring up a valid point here.

It really is to one’s advantage to not really have a “favorite” when working with Currency pairs…or any Derivative for that matter.

In the Blog, I try to give some variety to the Units that we work with and focus on…but there are certainly scores of Currency pairs to work with out there…

The goal here is to remain as objective as you can…and look for High Probability and Opportunity.

By being subjective and having “favorite” Pairs, we run the risk of actually searching for a Trade  on one of our Favorites…plus…we then have our judgement and observation “clouded” as to not see other possibly fine Opportunities right in front of us.

You will begin to “See” things that you may have otherwise ignored, and reap the benefits of “new Eyes” !