Discussion in 'Index Futures' started by MACD, Sep 18, 2019.
Before today's Fed announcement (Wednesday 9-18-2019) and after what did you learn?
Later (1.5 hours after fed)
Don't get married to the small time frame...keep an eye on the larger time frame too...
Today's price action gave a nice reminder about such via the 15min chart time frame.
Doubt others here know anything about what you just posted
I thought it would go down more than it did. I exited short during Powell presser as I knew in advance a cycle low was near. I'm not going long. Waiting for next cycle high to go short. High due around Sep 24.
I traded 935-1330 EST. On Fed days I log off at 1330.
Only one valid signal today (per my plan), which triggered around 1030 EST and eventually hit target around 1PM. Don't think I learned anything "new", but every trading day is a chance to build or further reinforce good trading habits. (e.g. stick to plan, don't do anything impulsive, etc.)
I learned that is becoming increasingly apparent that the FOMC press conference has become more important than the FOMC press release itself.
At least since Powell has taken over as Fed Chair.
Thanks -- great point.
I learned that swing trading is a real pain in the ass, and that Powell should feel lucky the markets are not punishing him more.
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