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Old 03-18-2008, 01:35 PM
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Re: Fed Day Advice.

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I'm still new to trading futures and I'm wondering what some of you think about using sell/buy stops to catch the move after the fed announcement? I know the move happens so fast I'm wondering if I would even get a decent fill. Anyone with experience doing this? Recommended or not? Or is it better to just fade the move? Thanks.
Unless you are highly experienced I would stay FAR AWAY after the first few minutes (if not the whole thing). If the numbers come out unexpected the market can easily skip levels. Your stops could be worthless and fills could be horrible. Just in my opinion of course.

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