What’s the best way to trade the day after FOMC?

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  • Published on:  Wednesday, January 27, 2021
  • The key is patience, because the big moves we saw today will likely either reverse or turn sideways going into Thursday morning, giving us a clear plan of attack…

    Remember, professional traders don’t trade these big news events, we trade the “reaction” the following day – that’s where the easy entries are…

    The Eminis pushed lower today, and I'd love to trade the crown reversal pattern off today’s low.

    Crude Oil was a wild one, but the bulls finished with control, so I'll be looking to buy long using seller failure patterns. And let’s not forget…

    Gold is bearish, but closed above a key support level today, so I'll be looking for opportunities to trade the snap back to retest the high. Are you ready for tomorrow? Let’s go!

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    Economic News:
    Please remember that economic news, both scheduled and un-scheduled will increase volatility and decrease liquidity in the market in the short-term, which causes price-action to react inconsistently with the levels of support and resistance mentioned in this video. Trading during economic news reports is dangerous and highly discouraged, no matter what your level of experience.
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    Joseph James, SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or trading advisers. The services and content provided by SchoolOfTrade.com and United Business Servicing, Inc. are for educational purposes only, and should not be considered investment advice in any way. U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. cftc 4.41 These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or-over-compensated for the impact, if any, of certain market factors, such as liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.
  • Source: https://youtu.be/6ebkWsNsOsA
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