Today's 2pm Powell Plays.... got one?

[Darc]

Do you guys actually position ahead of these things?

Ken might, but he's an old Dog who might have an instinct for Macros.

Easymonman seems to be more a pure T/A trader, sets his alarm clock for these events, then rides the wave.

 

[Darc]

lol MB has such an edge.

https://www.elitetrader.com/et/threads/mark-brown-said-he-found-the-holy-grail.219928/

 

[destriero]

https://www.elitetrader.com/et/threads/mark-brown-said-he-found-the-holy-grail.219928/

He's the worst. Total BS and the skills of an 11yo. Talks about some dude he worked for in the 90s whom had a tiny fund shorting nickel-puts. Zero skill.

 

[Monobrowtrading]

The market PA imo is going to go all over the place again, down first and then up, in that order I think. Considering how eager the rest of the Fed governors wanted their own 15-minute fame in the spotlight and yapped about how they voted in the last rate decision meeting, it gave us quite a bit of clue about what the meeting minutes is going to look like. And seeing the two that spoke last week were hawks, the minutes is going to reflect that first and the algo is going to pick up on that so the market is going to go down first and then since Powell stated last week in his comments as well as during the rate-decision announcement that he sees a bit of easing in inflation and is willing to take a tiny bit of wait-and-see approach, the algo is going to pick up on that too and market PA is going to go up and the market is going to end up being a bit up today from yesterday, I think.

Overall the market is not going to move much from yesterday's close but around the minutes-publishing time, there is going to be a lot of volatility. Unless there is any surprises, the market is not going to trend much today. That's my take.

You, Darc, Overnight and KC can go in qtrs on a blowup after todays big call.

 

[KCalhoun]

Choppy af. Took a couple hundred in sls trying to trade chop

 

[jnbadger]

Do you guys actually position ahead of these things?

I sure as hell don't. I never trade into high impact events.

 

[TheDawn]

Choppy af. Took a couple hundred in sls trying to trade chop

Yikes I stayed out this time. Almost almost wanted to do a strangle but wasn't sure there would be enough volatility to be profitable so I decided to sit out.

Tight ranges is the hardest to trade. You can't profit either way, range or trend.

 

[Frederick Foresight]

He's the worst. Total BS and the skills of an 11yo. Talks about some dude he worked for in the 90s whom had a tiny fund shorting nickel-puts. Zero skill.

Wait, isn't he the guy with the Bently?

The Bentley owner spells it, Bently.