Anyone trading Wednesday?

Discussion in 'Index Futures' started by RangeTrader, Apr 23, 2012.

  1. Just curious if anyone here is trading Wednesday...

    I have a window of about two hours where I won't touch a trade. From Noon to 1:30PM... If Bernanke doesn't hint at some kind of QE this market is going to eat it...

    He better word things carefully!!!

    I don't trade around the big news events like these because the 10-20 handle whipsaws in both directions make me dizzy. Give it an hour to re-establish a normal trading pattern I say.

    No reason to trade during news events like these. Missing big moves? Who cares! You can make more money levering up a little more on proper trade setups than walking into 10 handle double directional whipsaw events. Ha...
  2. I have traded on Fed days before, and though I have never tried bungee jumping, it must be very similar.

    A steep drop, followed by a large bounce, then another drop, and maybe another bounce.

    One can only hope they chose the right length bungee for the ride...I have chosen wrong more often than not. :p