ES Journal Archive (2009 - 2010)

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Quote from i_c_fed_people:

so far so good.
Id like to be out before the fomc stuff ideally.
order in to close this at 1241 for +5
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closed.
another +5 in the bag :)

Limit in to long again at 1235, although i dont expect it to get hit.
It should just continue going up, but fomc is one of them rare occurances that has the potential (although unlikely) to put a spanner in the works for me
 
Quote from aquarian1:

FOMC: up to 1246 and then down to 1236 or lower?
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seems almost too obvious that we''ll get some upside/spiking up.
im flat for now though and will likely be kicking myself in 10 mins time!
 
Quote from i_c_fed_people:

seems almost too obvious that we''ll get some upside/spiking up.
im flat for now though and will likely be kicking myself in 10 mins time!
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For FOMC, flat is where it's at. Price can whipsaw 20+ pts, and getting filled for entry / exit is next to impossible.
 
Quote from i_c_fed_people:

seems almost too obvious that we''ll get some upside/spiking up.
im flat for now though and will likely be kicking myself in 10 mins time!
More...

Normally what you'd see is a withdrawal of liquidity immediately before the release that produces spikes in <i>both</i> directions. Then it can go up or down, depending on the match/mismatch between what was expected to be in the text and what actually is.

However, there is little room for surprises today, so it may turn out to be a non-event.

This guy usually publishes a comparison a couple of minutes after its publication:

http://marketrewind.blogspot.com/

Here's an example:

http://1.bp.blogspot.com/_DGwK-zM3i_w/S9h7zPOinKI/AAAAAAAAAxw/AvGYewaH3iM/s1600/aprilfomc.png

Edit: Damn, it seems they've changed the link:

http://etfprophet.com/december-2010-fomc-statement-comparison/

It's virtually the same statement as the previous one.
 
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