FED day upon us
Posted by Cire2222 on Jun 24, 2008
FED DAY
Well tomorrow is FED day. I have said it before and I’ll say it again, the best way to play FED day is described in the image below
KEY PIVOT PLAYS
As for the key pivot play in the Euro I mentioned last night there was NOT a trigger for entry. Gold did not trigger either and the S&P set up I mentioned might occur didn’t take place, It would of required a positive close. The good news is, there are no open Key pivot plays going into FED day, you can rest easy. I hope a set up comes soon, I am anxious to play one again
The best way to daytrade FED day
Posted by Cire2222 on Apr 30, 2008
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This is the strategy I used today. It is one of the best ways to daytrade FED day, DO NOTHING. The days that the FOMC announcement comes are wild and exciting but placing a bet on the outcome is very dangerous and more of a gamble than anything else. The biggest problem with daytrading FOMC is that you can be right on direction but get wiggled out. The market will knee jerk in both directions taking out stops on longs and shorts, then it will continue a move. So even if your right on direction there is a good chance you will get stopped out of your play before capturing gains, Sure the market can knee jerk in your direction first and hit your target but do you want to place that bet? I don’t
