a beginner's attempt at the pairs

I opened a short position on 1.0630 and I am hoping to close it around 1.0580. I hope I'm not making a mistake trading before the news.

 

Lawson, I wouldn't hold that position now if I were you. Euro will likely to appreciate first until the announcement tomorrow. Better open a short position just around the announcement

 

I will get back to you sometime today. Today, the commission releases COT report. I have to analyze it first

 

Foolish, why open around the announcement?

 

Not the market order, I meant stop/limit orders

 

Why play into a massive risk event?

 

he's a cowboy at heart?

 

Balls o steel

 

Tomorrow there will be only 2 outcomes - either raise the interest rate or again delay the decision. According to my secondary research, there is 95 % chance they will raise the rate tomorrow. I have got a good motivation to take the risk. And it's the primary reason why I have taken on the PhD research too. Wish me luck and thanks for your contribution. After your comment, I have come up with better risk management

 

I do wish the best of luck.