Trading FOMC news - Traders Hideout | futures io social day trading
futures io futures trading

Trading FOMC news
Updated: Views / Replies:3,440 / 4
Created: by shodson Attachments:3

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Closed Thread
Thread Tools Search this Thread

Trading FOMC news

  #1 (permalink)
Elite Member
OC, California, USA
Trading Experience: Advanced
Platform: IB/TWS, NinjaTrader, thinkorswim
Favorite Futures: stocks, options, futures, VIX
shodson's Avatar
Posts: 1,907 since Jun 2009
Thanks: 499 given, 3,453 received

Trading FOMC news

Hubert Senters describes this approach to playing FOMC news in this video. I looked at a database of ES charts of 5-min charts of previous FOMC days and it seems like what he's talking about makes sense, as long as you can accurately measure the impulses he describes and have good money mgt in place.

Might be worth a look. News comes out in 2hrs!

The following 2 users say Thank You to shodson for this post:
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

  #3 (permalink)
Elite Member
Berlin, Europe
Trading Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
Fat Tails's Avatar
Posts: 9,770 since Mar 2010
Thanks: 4,233 given, 26,187 received

Use Fib Confluence for Price Moves after News Release

I agree with the video of Hubert Senters and the 3 swings. I think this is what happens:

(1) News comes out: Some traders are hitting the button, this creates a short term impact on price.

(2) Larger traders are waiting in the trenches and trade price back into the area where it has started. But here we need to differentiate:

(a) the news it not expected -> the second swing might be dangerous to trade

(b) price has already anticipated the news during the day -> it can be very rewarding to trade the first countermove, often the expected outcome is discounted by price and the first swing following the release is the final high that traps new with-trend traders

(c) news is as expected -> price moves to support or resistance and retraces back to where it was before the news release

Below is a chart with today's price action and you will notice the impact of two news events

- Unexpected: Spain's downgrade by Standard & Poors
- Expected: FOMC release

The spain downgrade was clearly used by larger traders to trap and take out weak longs. This game is part of many topping or bottoming formations. It clears the market from vermin, and nothing is better than a news release to do this.

The FOMC release was less exciting, but good enough to push price up to the next Fibonacci line.

A note on those Fib lines: Both are confluence zones. The dominant lines of the zones are:

- lower line which stopped price after downgrade of Spain is a 127.2% extension
- upper line which stopped price after FOMC meeting is a 38.2% retracement line

Note that price stopped exactly at the fib line in both cases.

Attached Thumbnails
Trading FOMC news-news-release.jpg   Trading FOMC news-spain-downgrade-stopped.jpg   Trading FOMC news-fomc-stopped.jpg  
  #4 (permalink)
Trading Apprentice
ND, India
Trading Experience: Advanced
Platform: Ninjatrader, Amibroker
Favorite Futures: Futures
Bharatiya's Avatar
Posts: 47 since Feb 2010
Thanks: 284 given, 45 received

What traders are expecting or not expecting from fed. Another QE3 or rate increase???
Currencies are completely flatten not much volume or volatility??

  #5 (permalink)
Site Administrator
Manta, Ecuador
Trading Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
Big Mike's Avatar
Posts: 47,039 since Jun 2009
Thanks: 30,002 given, 87,572 received

Bharatiya View Post
What traders are expecting or not expecting from fed. Another QE3 or rate increase???
Currencies are completely flatten not much volume or volatility??

The thread you posted in is over 2 years old since the last post.

The recent thread is here:


Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Closed Thread

futures io > > > Trading FOMC news

Upcoming Webinars and Events (4:30PM ET unless noted)

futures io is celebrating 10-years w/ over $18,000 in prizes!

Right now

Pro Trader vs Pro Athlete w/Brannigan Barrett @ Habitus Capital

Elite only

60 Minutes to Better Decisions & Better Trades w/Agustin Lebron

Elite only

Live Day Trading the E-MICROS w/Ilan @ Cannon (special time: 12PM ET)

May 30

Similar Threads
Thread Thread Starter Forum Replies Last Post
Trading breakouts on the news PowerM Emini and Emicro Index Futures Trading 5 June 6th, 2011 06:54 AM
Best Forex broker for news trading? Jamicon Reviews of Brokers and Data Feeds 16 May 3rd, 2011 09:23 AM
FOMC day trading stats Snoop Traders Hideout 1 November 3rd, 2010 10:40 AM
News Trading on CL and NG mgtrader Traders Hideout 7 April 29th, 2010 09:42 AM
FOMC Strategy fesx NinjaTrader 10 January 4th, 2010 05:25 AM

confluence, dow, fed, fibonacci, flatten, fomc, futures, information, news, price action, resistance, retracement, retracements, short, short term, support, tradethemarkets, trading, trend, volatility, volume

All times are GMT -4. The time now is 02:22 PM. (this page content is cached, log in for real-time version)

Copyright © 2019 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432 WhatsApp Business,
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2019-05-22 in 0.21 seconds with 15 queries on phoenix