Trade Aptitude

Results of Tuesday’s Best S&P Futures Turning Points: Buying 4467.00 stopped out by a few ticks before running for 29.75 points. Re-frame your thinking: the level worked, the noise in the market at the time required a bit more risk. 

Today’s Best S&P Futures Turning Points (consider wider stops and less size in fast moving markets): 

No trades on FOMC day. 

The World Index: (+100/-100) eases from +14 to +7 with Asia Bearish and the west Bullish. 

Catalysts: Crude Oil Inventories @ 10:30. FOMC announcement @ 14:00 and press conference @ 14:30. 

Quick Tip: Trading Econ

Economic news, FOMC announcements and press conferences in particular, usually create excess volatility in the stock indexes. These extreme moves can be a blessing or a curse. 

Assuming you’re tracking catalysts in your trade documentation process, finding potential edge is easy. 

Looking at the FOMC-day trading results from a couple of our more active strategies we’ve found a blessing and a curse! In other words, a favorable edge in one and a loss of all edge in the other. 

The strategy that suggests Today’s Best S&P Turning Points loses all edge. Don’t trade it. 

The strategy that identifies intraday trends not only performs very well, but the normal filters we use for edge significantly reduce results. Trade every setup. 

Invest some time enhancing your trade documentation process. You’ll likely find plenty of “hidden edge” you might not have thought about. 

If you don’t have the time for that research, join our team. We do it daily. You can learn the strategies and trade live with us daily for 30 days. Money back if you’re not blown away! Click here for details. 

Trade Fearlessly,

Mike Siewruk

P.S. Feel free to share this newsletter with your trading buddies.