Daytrading the day of FOMC
The tendency is not to sell the market in the before and the hours leading into the FOMC but wait for the post-Powell sell-off. Here’s how we played the morning, the patterns, and what we waited for.
The tendency is not to sell the market in the before and the hours leading into the FOMC but wait for the post-Powell sell-off. Here’s how we played the morning, the patterns, and what we waited for.
This is a great video for those of you new to the futures room and the way I daytrade. This video shows examples of a breach/retreat, a VScore/HPMR low, and a more conservative zone for entry.
In this video, we look at the price action after todays FED meeting and discuss the sell off. Is this the start of something bigger or just normal selling? We look at levels and ranges of what to expect.
It’s not always buy the dip . . .
Keep an eye on GLD, SLV and DXY. Here’s why.
Metals could have an interesting afternoon as the market prepares for Fed Chair Powell.
Gold has changed its market trend in a subtle way. The narrower range sets up two different scenarios and here is how I am playing it.