Trade Aptitude

Today’s Best S&P Futures Turning Points: Nothing tradeable today.  

Tuesday’s results: This strategy is on hold. 

The World Index: (+100/-100) jumps from -43 to +7 with sentiment mixed. 

Catalysts: CPI @ 8:30. Crude Oil Inventories @ 10:30. FOMC Announcement @ 14:00. FOMC Press Conference @ 14:30. 

Quick Tip: FOMC Moves

Everyone knows the pattern on FOMC day tends to be range-bound before the announcement and spiky afterward. This should help your trade selection and planning. 

In fact, if you have solid historical data on your strategy’s performance on FOMC day you might not trade at all. It’s always better to have some probabilities at hand. Keep accurate records whether you took the trades or not. 

The Federal Funds Rate announcement releases at 2PM ET. You might think the highest volatility is within the 30-minute interval afterward. Historically, it’s the next 30-minute interval, immediately after the Press Conference starts at 2:30PM ET.  

Direction and move for both intervals: 64% UP, 36% DOWN. 

The move widens consistently during the second interval: from +29 to +33 points and from -17 to -24 points. 

Are there any actionable rules you can apply? Maybe so, maybe not. But it’s worth analyzing your strategy’s prior performance during these times. In our trading room we filter out trades until 3PM ET with some wiggle room to start trading again if the slippage calms sooner. 

Tired of trading alone? Join our team. You can learn the strategies and trade live with us daily for 30 days. Money back if you’re not blown away! Take advantage of the final days of this promotional price.   

Trade Fearlessly,

Mike Siewruk

P.S.  Feel free to pass this along to your trading buddies. Share in the wealth!