 the FOMC will be interesting today. Again, just as I'm not sure whether, you know, many of you haven't been trading 1A where, you know, we've kind of had FOMC meetings, but I'm not really sitting around looking to trade the FOMC. It's very, can be very volatile, especially because it's kind of like a speech. And so, unless you're listening to it live and even if you're listening to it live, it's how do you interpret what Jerome Powell and the data and what they're saying, right? For me, I always look for the dust to settle, that that evening, the next day, look at what the banks are, how the banks are interpreting the information and then make a decision from there because there will always be a pullback at some point. If it's that big of a deal, the market isn't just gonna go straight up or straight down about pulling back at some point. You know, there will be a pullback and I'll just get involved in the pullback long on in the days where I'm reacting to price moves unless it is an absolute, you know, the market has been caught off-site, right? That I think that's the only time, you know, I will definitely consider, you know, taking a trade, you know, live news and news trade live, but other than that, it's pretty much just the, you know, hands sitting on my hands. Anyone got any questions, by the way, or any comments? Anything they want to mention about the, about FMC, the dollar, et cetera. You can turn your mic on if it's easier. Be to turn your mic on. Are you guys just sitting back listening? All right, call me. I was typing, but it was just, just... Yeah, sometimes he gets it too. Yeah, man, thanks Leon. Yeah, I was just gonna say, in regards to, I've traded in the past, I traded it last time and the easy part is the actual interest rate decision. That's an easy number. If it's 75, yeah, you're buying, if it's under, you're selling, blah, blah, blah. I mean, even if it's 75, right? So you raise a good, interesting point. Sorry to cut you, but remember what you were gonna say. Again, the edge really isn't the 75 basis points. Remember that the edge, because that has been priced in. Yeah, and when I say priced in, remember, you know, it's not one, it's not like, okay, whatever the price is of the dollar right at this particular point, that's the price that it will remain. Prices will stay in a bit of a range or an auction, right? So when we say it's been priced in, so the dollar's value is between, you know, at the moment, you know, I don't know what the dollar, what is the dollar, what is the dollar at right now? The dollar index, can anyone have a quick look? Just give me a number, what the dollar index is right now. What is the dollar index right now? Right, 1150, right? So at the moment, prices might be at 1150, right? So what the market has done is, let's say, for example, it's been trending higher, whatever it is, it's put in back, and the trend higher is, the money has been made from the 75 basis points, yeah? So what they've done is, what they're saying is, and we spoke of, we looked at, you know, the MBFG ranges before. So they could say, all right, then it's a, you know, maybe the higher the range might be, say, 113s, right? For the dollar, and between 113s and let's say, for example, 110s or 109s, yeah? You know, is what we classify is a decent value range for the 75 basis points, right? That's a decent auction between that and that. And that is what really auctions and ranges are telling you, they're saying that this is an expensive area, this is a bargain area. So let's say, for example, the 75 basis points comes out, and let's say Jerome Powell is, you know, fairly, he says everything that the market expects, right? In terms of, you know, not being, maybe being a bit hawkish, you know, maybe taking his foot off the pedal a little bit, but you know, he says everything that the market expects and the market starts to drop, yeah? And it actually drops violently, right? Doesn't mean that, you know, you should be a seller because price is dropping like a stone because you have to understand that, you know, even though we're at the 111s, you know, 50s, right? Remember, this, right? Could still be the bargain price because everything that is known within the market has been priced in. So this, in fact, the price does do come down. It could actually be to be a buying opportunity. And this is how the market gets you. It relies on retail traders just foam owing into price, right? When, and then you end up getting caught in your positions, sometimes you might make a little bit of money. It is what it is, but the majority of traders won't, right? They'll follow the market, not understanding, in fact, you know, what is being said by Jerome Powell, what the future guidance is, and then they'll just be very reactive, get caught going the wrong side because they're foam owing into price going either short or maybe even going long, right? Not realizing that, no, no, no, no. This has all been baked in. This has all been baked in. What you need to do is just look for, in fact, just pullbacks. And if you don't understand why prices is rising, you know, to the moon or dropping like a stone, then just don't trade it, right? Don't trade until you understand the reasons for the move. That is the, you know, the best advice I can give if you can, if, for example, you know, you find out that, you know, it's come out at 75 basis points, as you said, as TradingMK said, then you know exactly why it's going down, right? You know exactly why, because then the next value area, they're gonna have to reevaluate. Maybe it might be between, the dollar might be worth between maybe 109s, you know, at the high and maybe, you know, 104s, right? That's what the market has to kind of value. So then that becomes the new range. And all of a sudden now that would be where we are because that hasn't been priced in. Does everyone understand? Does everyone understand what I'm saying? Yeah, so don't, yeah, so don't rush. You know what I mean? The edge isn't the 75 basis points. The edge is either 50 basis points, 100 basis points, yeah? Or what, you know, Fed chair, Jerome Powell, you know, his future guidance as to what they're, you know, they're thinking about doing with rates and what, you know, the economy, et cetera. That is where the edge is. And that's a harder edge when they're talking because it's open to interpretation and you have to kind of follow the guidance of what the market is interpreting, not your own interpretation. So I don't even bother, right? I don't even bother to try to interpret what he's saying because I might think it's one way but the market might think it's something else. And then it just becomes a bit, you know, messy and, you know, I'd rather just take my cues from what the market is saying. Because I'm not in a rush to try to just make money today, right? I'm looking at the medium to longer-term trends. And so that's what I'm looking, taking my cues for. But sorry, Trading MK, continue your question. Or did I answer everything? Trading MK, are you there? Hello, hello, is he there? Oh, is he there? Oh, yeah, yeah, yeah, me, now, yeah. Sorry. Yeah, brilliant, brilliant. And I was actually gonna say about, I think you put it more better or articulated it than I could have, that's exactly it. What I was gonna say, if I can add to that, is when I've traded it in the past and I'll probably trade it tonight, I always see a quick whiplash. So let's say tonight, 75 basis points comes out, yeah? And all the retailers are thinking, great, great, great, great, great, bye, bye, bye, bye, bye. There's always this whiplash, the other end, and then back up. And I think that's for liquidity. Yeah, yeah, yeah, yeah, yeah, for sure. The first few minutes, then it settles in, yeah? Then it's, oh, can you hear me? Yeah, I can hear you, you can hear me, yeah. Then it settles in the direction of IE, the 75 basis points. So basically I would, all I do, I would buy the dollars short for US and short gold, okay? Then it all gets a bit messy when you start speaking, which is a half an hour later. That's when you get these really, really horrible whiplash in, you know, mess up your account, don't know what you're doing because one minute, he's dovish, one minute, he's hawkish because he doesn't want to spook the markets. And the speech, that's where I like, literally, I would say finance for the speech, I close my, I close any positions I have, because that is just, it's just headache to control. And what I mean by the 75 basis points is I find that easier is because obviously, we've learned from here and obviously what I've known in the past, I just find that with my strategy and everything, it's just easier for me to trade that part. But when it comes to the actual, him speaking, I'm out because he's all over the place with intention. And I find maybe an hour, hour and a half after the speech, that's when the market finds, and you can all backtests, by the way, that's when the market finds some sort of equilibrium. And once it finds that equilibrium, it will go in, well, my backtesting, it will go in that direction, literally, and I'm in the UK, I'm talking literally all night until London Open, which is a whole nother story, but yeah, that's one of my two pins. Okay, okay, well, it seems like you've systemized the FOMCs, but I have to, you know why, Leon? I've lost so much money doing it before, I had to come up with some sort of system to have it go in or stay out. And I've just watched it literally for like a year. And that's my findings. Yeah, it's a difficult one to trade. And personally, I think it's one of those things where, because we have a broader term perspective, you're coming from, I guess, a scalping perspective, right? Sorry, yeah, yeah, I am sorry. Yeah, so whereas with me, it's more, I'm just looking at the bigger picture, more so, and then waiting for the dust to settle. And Ken says, market makers, absolutely, because a lot of people forget about the market making, the liquidity, the avoidance of slippage, et cetera. So, you know, it's a very, very, very... Also, yeah, that's another thing. In the first few seconds, the slippage is horrendous. Yeah, of course. Absolutely horrendous. The retail trade, you know what I mean? It's crazy, like, you know what I mean? I remember seeing, I remember years ago, trading when I first started, and slippage was something like 30, 40 pips at one point. You know what I mean? It was crazy. Yeah, like, it was crazy. Anyways, but yeah, I think however you approach it, yeah, however you approach it, I can just tell you my approach, and of course, everybody's free to do what they want with their money, right? So, you know, because I can't offer financial advice, but what I will say is that my approach is more just to do with, okay, you know, if there is a trading opportunity for me, yeah, it would have to be the actual release of the data in terms of, right? Yeah, it would have to be the release of the actual interest rate data. After that, it's pretty much for me impossible to kind of trade consistently. I might, you know, just press buy randomly and it might go in my direction. I might sell, I might press sell randomly, it might go in my direction, but to do it consistently, you know, personally, I would rather just wait for the speech to come out, tomorrow morning, you know, it's fine, you know, I mean, it's like, okay, we'll just read what the banks are saying about the move and where they expect prices to go in the next, you know, two, three, you know, four months, et cetera, if they've adjusted their forecasts, you know, what they've taken away and then just trade in that direction, right? That's pretty much, you know, the easier way to do it. You could do it trading MK's way.