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Will Fed affect the CL, do you trade it?
Started:June 19th, 2012 (11:42 PM) by Upupandaway Views / Replies:643 / 3
Last Reply:June 21st, 2012 (01:34 PM) Attachments:0

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Will Fed affect the CL, do you trade it?

Old June 19th, 2012, 11:42 PM   #1 (permalink)
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Will Fed affect the CL, do you trade it?

Just wondering if anyone has ever experienced Fed day on the CL. What it was like, if goofy or tradable?

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Old June 19th, 2012, 11:42 PM   #2 (permalink)
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Old June 20th, 2012, 12:12 AM   #3 (permalink)
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This post has been selected as an answer to the original posters question Answer

The Fed, IF it makes a move, can effect the US dollar and that in turn can have a big effect on CL, so be careful.. (strong US dollar usually means weak CL )

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Old June 21st, 2012, 01:34 PM   #4 (permalink)
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I turn my strategies off about 30 min before Fed announcement and leave off for about 30 min after. If I am in a position before that window I will exit. Can get wild gyrations at times depending on what they say. Crude is fast on a slow day. Add in any kind of fuel and it can get dangerous. My main worry is stop getting jumped by a large amount. The only other time I turn off is when the crude weekly inventory report comes out.

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."

Last edited by liquidcci; June 21st, 2012 at 02:55 PM.
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