Fed Day Advice.

[Nvesta81]

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.

[Hlm]

	Quote:	Nvesta81
	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.

[DbPhoenix]

There's absolutely nothing wrong with taking yourself out for a long lunch, followed by a stroll in the nearest park. You can then begin again tomorrow, all bright-eyed and bushy-tailed, without subjecting yourself to all the regrets you will feel over not having followed your plan, or over having followed it and lost money anyway.

[dandxg]

I would stay away unless you know what you are doing. If you want to gamble and break your plan go for it, just realize that's what you are doing. Expect to get skidded for slippage if your stop loss gets hit depending on the volatility at that moment.

[brownsfan019]

STAY AWAY IF YOU DO NOT KNOW WHAT YOU ARE DOING

Come play in our combat grounds game if you have nothing to do.

[Nvesta81]

LOL. Ok, point(s) taken. I'll sit this one out, watch, and take notes.

[CandleWhisperer]

Interesting.

From a VSA perspective, news events are the very things the Big Boys use to manipulate the market the most. The increased volume allows them to mask their intentions that much more.

The prudent thing thus is to ignore the news itself and pay attention to the Price Action after the news. Sometimes the BBs leave signals prior to the event, but most do well to sit on the sidelines as the news comes out and then focus on the reaction to the news, or the reaction to the reaction to the news.

I am kind of surprised that DB, while not a VSA trader but a PV trader, would say stay away. I guess that has more to do with one's level of experience than the type of day itself.

I also know that the WRB & Long Shadow guys expect major changes in supply/demand to show up on or around News releases. Again it is not about trading the news event. It's about understanding the possible change in supply/demand the BBs create because of the news event. One might goes as far as to say, create with the help of the news event.

[Nvesta81]

	Quote:	CandleWhisperer
	Interesting. From a VSA perspective, news events are the very things the Big Boys use to manipulate the market the most. The increased volume allows them to mask their intentions that much more. The prudent thing thus is to ignore the news itself and pay attention to the Price Action after the news. Sometimes the BBs leave signals prior to the event, but most do well to sit on the sidelines as the news comes out and then focus on the reaction to the news, or the reaction to the reaction to the news. I am kind of surprised that DB, while not a VSA trader but a PV trader, would say stay away. I guess that has more to do with one's level of experience than the type of day itself. I also know that the WRB & Long Shadow guys expect major changes in supply/demand to show up on or around News releases. Again it is not about trading the news event. It's about understanding the possible change in supply/demand the BBs create because of the news event. One might goes as far as to say, create with the help of the news event.

Pardon my ignorance but what is a PV trader? lol

[CandleWhisperer]

If we don't ask, how do we learn? Price and Volume trader. Generally speaking this means sans indicators.

[DbPhoenix]

	Quote:	CandleWhisperer
	I am kind of surprised that DB, while not a VSA trader but a PV trader, would say stay away. I guess that has more to do with one's level of experience than the type of day itself.

After twenty years at this, I no longer have anything to prove.

But those who want to play have my best wishes. Or condolences, as the case may be.