The problem with trading around major announcements is getting whipsawed, that is, being right on the direction before the news, news being favorable to your position, and still getting stopped out at a loss or with much smaller profits. Edit: I see you already answered yourself in a later post
in previous fomc meets i palced both long and short with 10-15 points with two different brokers so i can make round trip on both end. but not this year though, i am not ready to chase.
IMHO leverage changes the risk you may stomach, but not the risk profile or R/R of the trades. I.e. if it's a bad trade with one ES, it still is a bad trade with one MES. Not being a smart ass, just thinking aloud. Good luck/skill to everyone.
Yes. I won't hate myself if it spikes to 5600 post FOMC because risk management is the most important thing in this game. Cowboys don't last and this is only one trade. If we see a hard spike down I may enter long on a breakout higher, but I do not think I'll chase a spike higher as that's typically a suckers trade. Good luck all and stay safe. PS: We may very well tank as well.