FOMC Thursday?

londonkid said:
my plan - don't trade on Thursday take the day off as it's likely a gunna be a carnival ride.
More...

I totally agree. There are give or take 250 or so days a year to trade. Taking one day off shouldn't break anyone's year. I trade Ag futures as well as ES and ZB. Even though the Ags shouldn't be affected a ton by The FOMC, I will be flat by noon in those. I won't even bother with ES or ZB that day. In my humble opinion it becomes too much of a guessing game on a Fed day......and this one is going to be a shit show. Way too much uncertainty out there.
 
Traders prepare for Thursday's FOMC:

fomc_ride.jpg
 
EPrado said:
I totally agree. There are give or take 250 or so days a year to trade. Taking one day off shouldn't break anyone's year. I trade Ag futures as well as ES and ZB. Even though the Ags shouldn't be affected a ton by The FOMC, I will be flat by noon in those. I won't even bother with ES or ZB that day. In my humble opinion it becomes too much of a guessing game on a Fed day......and this one is going to be a shit show. Way too much uncertainty out there.
More...

amen. I also rarely trade directionaly on NFP days, getting stopped out on NFP/FOMC is a shitty feeling lol.
 
If rate hike: Sell off, then spike up, then slow downtrend for the rest of the day.
If no rate hike: spike up, then sharp sell-off and then a slow uptrend for the rest of the day.
 
loyek590 said:
yeah, that's kind of what I am thinking only maybe on the USD since all I trade is pot fx (oh sorry, "spot fx.")

What kind of time frame are you looking at holding when (not if) you get filled?

I don't know, I hate to just sit and watch it when it may be another nine years
More...

2 weeks. Earnings season is just around the corner in October, and I find that the earnings season tends to lean towards the bullish side of things.
 
londonkid said:
amen. I also rarely trade directionaly on NFP days, getting stopped out on NFP/FOMC is a shitty feeling lol.
More...

Yes, I stay out of ZB on NFP day, and tread lightly in the ES. My feeling is why trade something when your edge is greatly reduced. To me NFP day can cause that.
 
You must log in or register to reply here.
Back
Top