FOMC Day Taper Tantrum OR Powell Dove? ES NQ Trade Plan

FOMC Day. Market is coiled awaiting J Powell to announce Tapering or maybe just the need to Taper but backs off hard timetable. Either way the markets are coiled and ready to move and they will move. Although we can move on FOMC Day it is typical to move early then balance into the news. You will get an impulse move off the news and then a reaction to the impulse and then the direction. I like the Reaction and Direction not the impulse. So really spend an entire day waiting for a 15 min window to get some decent looks at setups. Not ideal. Then you have J Powell Presser. Good luck trading that!

Trading Futures, Options on Futures, Options, Equities, Cryptocurrency and Retail Off-Exchange Foreign Currency Transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment.


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