Fed Raised Interest Rates for the First Time in Nine Years How will that impact the USD? (Video)

yellen Raises Fed Rates

I think that the Dollar should get stronger but we must have a better economy going forward to continue to see the dollar rise.

I however like to trade the technical chart patterns so what the fed does is important because I know it can move the markets quickly but what they say doesn’t impact me as much as knowing that they will move the markets. For example I knew that the fed was going to announce the rate decision today at 2:00 pm EST so I jumped in front of my charts and made 3 really quick and good trades because of the price action.

I based my scalps off of the long term trade that I called yesterday   and I went long 3 times on the USD/CHF for a bunch of pips see the image below to get the numbers.

pips usd chf

Trade Update:
Yesterday I called a USD/CHF Trade here is a video update on that. Also for those that guessed where I was at last week watch the video.

Thanks for everyone that made a guess but there were no winners, no body guessed correctly.  That’s the fun part about trading is I can go anywhere at anytime.

 

Please Share your comments about where the dollar should move from here?

The following two tabs change content below.
Casey Stubbs is the founder of Winners Edge Trading, which is one of the most widely read forex sites on the web. Winners Edge Trading has trained thousands of people to trade the Forex markets.

Winner’s Edge Trading, as seen on:

Winner's Edge Trading in the news

  • I am currently long also, at the end of the day I will send a video to keep everyone updated on how it went.

  • Benson

    Well, I just entered into the trade out rightly a while ago, I hope the up trend will continue, and if it pulls back, my pending order is still there, and I hope it takes me in and continue the up trend

  • your welcome

  • I can’t really say totally because I don’t know your trading plan but it sounds reasonable if it fits in your guidlines.

  • Benson

    Thanks for the good work you are doing Casey

  • Meshach Benson

    Hello Casey Stubbs, I was unable to enter the trade on USDCHF yesterday, but after seeing the video today, I am following your advice by entering a pending buy limit order ( in case it pulls back again)at 0.9920, stop loss at 0.9727 and take profit at 1.0220. what do you think of this?

  • The trade is now about 15 pips in profit so it looks like we got the break we needed.