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FOMC Meeting Announcement


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FOMC Meeting Announcement

  #1 (permalink)
 
tlopez51's Avatar
 tlopez51 
Clifton, NJ/USA
 
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Will the Fed continue to taper or not? Do you even care? Will the upcoming announcement change the way you plan to trade tomorrow or keep you out of the market altogether?

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  #3 (permalink)
 Itchymoku 
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I tend to avoid anything major. I often find price will do the opposite of what the announcement suggests and then trap you either way with volatility. It's usually a no win situation that even an oco won't cure.

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
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  #4 (permalink)
 
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 Fadi 
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Do I even care? Not really, I am trader and can equally trade from both sides, up or down it doesn't really matter as long as I nail the correct direction.

Would that change anything to my strategy on the day of announcement? Yes, I do not trade news, I stay on the side and watch the price action, and essentially wait for the market to calm down before I pick my entry... That could require some patience and self control but I can manage nowadays.

I've also observed over time, that the very first movement in price is usually the correct one after the release, it lasts for few seconds only and then it gets followed immediately by a heavy reverse action for few minutes or so... To finally reverse back into the initial direction and it usually continues that way for the rest of the day or at least for a good period of time worth a successful intraday play.

This is of course no science, just my personal observations over many years of following the s&p 500 index around important news releases.Please do not trade off that info alone, I don't either!

Successful people will do what unsuccessful people won't or can't do!
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  #5 (permalink)
 
Daytrader999's Avatar
 Daytrader999 
Ilsede, Germany
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Here's how Nanex paints today's FOMC meeting eMini market activities:

Nanex ~ 18-Dec-2013 ~ eMini Art



"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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  #6 (permalink)
 jlwade123   is a Vendor
 
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Daytrader999 View Post
Here's how Nanex paints today's FOMC meeting eMini market activities:

Nanex ~ 18-Dec-2013 ~ eMini Art



Velvet Underground, dig it.

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 Daytrader999 
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jlwade123 View Post
Velvet Underground, dig it.

Yeah, too bad that Lou Reed isn't able anymore to experience that...

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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 jlwade123   is a Vendor
 
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Daytrader999 View Post
Yeah, too bad that Lou Reed isn't able anymore to experience that...

Well, he would have liked it. That screenshot also reminds me of a Peter Max poster. Now I'm really telling my age.

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  #9 (permalink)
 
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 Daytrader999 
Ilsede, Germany
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jlwade123 View Post
Now I'm really telling my age.

Slightly off-topic, but anyway...so maybe welcome to the club, it could be really worse than that...

@jlwade123:

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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 WolfieWolf 
Charlottetown, Prince Edward Island
 
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I don't care about the news either. I just stay out of the market during that kind of volatility.

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Last Updated on December 18, 2013


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