Trendless meandering before FOMC?

Discussion in 'Index Futures' started by updown, May 6, 2003.

  1. updown


    Do you more experienced e-mini traders generally find that during the hours before an afternoon FOMC announcement, the market meanders and is not profitable for trend-following systems? Thanks for any insight.
  2. Brandonf

    Brandonf ET Sponsor

    I really dislike the Fed days myself. I do ok in the first hour or so of the day, but after that I would definatly do better at the beach or something.

  3. I concur. The first hour is decent. Then pack up shop. I've just never had much luck trading the Fed news, with all the fake outs. Perhaps if my patience improves..
  4. See quote below.
  5. omcate


    The first ten minutes after Fed's announcement is usually to volatile for the faint-hearted to trade.

    :eek: :eek: :eek:
    :eek: :eek: :eek:
  6. exce26


    Let's see if we see 10 pt swing up & down in a min after Fed news...