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Yesterday, I said it was one of the worst days to trade. As far as I’m concerned, FOMC day is one of the best. Find out how I fared in the markets in today’s video.
Preparing for Tomorrow’s FOMC Announcement
My buddy, Hubert Senters, taught me this trade and I’m passing it on to you… Good luck!
Hi Mindie, on this video when placing the trade based on the 5 min chart, where you also looking for any confirmation from higher time frames? (or where you just mainly focusing on the 5 min chart only?). Thanks.
Hey Jeff! Thank you for the question. The 2-minute chart is my anchor so I was entering the trade based on that when it peaked after the open and started heading back down. I’m always looking at the higher timeframes to see if it’s confirming or diverging, but I won’t necessarily wait for confirmation on those since many of my trades are less than a few minutes.
For me, I don’t like entering a swing trade on a Friday, but next week I’ll look out for some great examples for you.
Thanks Mindie. Appreciate the explanation. Yes, that would be great if you have find some swing trade examples! Thanks again.