📔 Trading Journal#fomc#eurusd#journal#event-trading
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Price Action Pro
Trader ·
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FOMC trade journal — last meeting's experience.
I had studied the statement carefully and expected a hawkish hold with Powell emphasizing "patience" on rate cuts. My setup: Short EUR/USD pre-meeting at 1.0845 with a wide 60-pip stop.
2:00 PM EST: Statement drops. EUR/USD spikes UP to 1.0910 in 8 seconds — 45 pips against me. Heart racing. Stop held.
2:15 PM: Market rereads the statement — realizes the language was actually more hawkish than headlines suggested. EUR/USD reverses sharply back through 1.0845.
3:15 PM: Press conference Q&A. Powell says "lacks confidence to cut." EUR/USD drops to 1.0800.
I closed at 1.0808 — 37 pips profit. Net: roughly +0.6R.
Lesson: The initial spike against me was a liquidity grab before the real move. Wide stop saved me. Had I used a 25-pip stop, I'd have been stopped out right at the top for a full loss — then watched the trade go perfectly to target.
FOMC requires wider stops than normal trades. What's your stop-sizing strategy for FOMC day?