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Hardy: How I traded EURUSD this Wednesday

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July 09, 2014 ambition, chart, charts, currency, currency pairs, day trade, day trading, daytrading, education, educational, eur usd, euro, euro dollar, europe, eurozone, eurusd, execution, fomc, fomc minutes, foreign exchange, forex, fx, fx chart, fx strategy, fx trading, hardy, how to trade, instruction, john, john hardy, john j hardy, markets, modest risk, saxo, saxo bank, saxo tv, saxotv, step by step, strategies, strategy, trade, tradingfloor, tradingfloor.com, usd, usd eur, usdeur, volatility
John Hardy, Saxo Bank's Head of FX Strategy, shows step by step how he's been trading EURUSD this Wednesday. The market's been fairly quiet but there's a known, big event risk coming later with the release of the minutes of the latest FOMC meeting.  
John explains that the ambitions of this trade were modest and for good reason; there's a shocking lack of volatility and the market's knowledge of the impending risk. However, that impending risk was also an element in placing the trade in the first place. 
This video is more about the considerations that can go into a trade such as this, rather than a display of a perfectly timed and executed trade.
Recorded on Wednesday, July 9th, 2014.