I totally agree. There are give or take 250 or so days a year to trade. Taking one day off shouldn't break anyone's year. I trade Ag futures as well as ES and ZB. Even though the Ags shouldn't be affected a ton by The FOMC, I will be flat by noon in those. I won't even bother with ES or ZB that day. In my humble opinion it becomes too much of a guessing game on a Fed day......and this one is going to be a shit show. Way too much uncertainty out there.
amen. I also rarely trade directionaly on NFP days, getting stopped out on NFP/FOMC is a shitty feeling lol.
If rate hike: Sell off, then spike up, then slow downtrend for the rest of the day. If no rate hike: spike up, then sharp sell-off and then a slow uptrend for the rest of the day.
2 weeks. Earnings season is just around the corner in October, and I find that the earnings season tends to lean towards the bullish side of things.
Yes, I stay out of ZB on NFP day, and tread lightly in the ES. My feeling is why trade something when your edge is greatly reduced. To me NFP day can cause that.