FOMC Day - Do You Trade It?

[daedalus 10]

Just curious how many of you trade or don't trade FOMC day. I personally avoid it and take the day off. Seems like the only good times (ie normal price action times) to trade are the first half hour and the last 45 minutes and I'd just rather not mess with it.

 

What about you guys?

[brownsfan019 17]

I trade the day like any else, but I'm usually done by 12pm EST for the day, so not sure if that counts as trading the FOMC part.

 

But in the end, if this one day that doesn't happen that much hurts your trading, stay out. Take the family, girlfriend, dog, whatever out for a treat that day and don't look back.

[traderB 10]

I only trade the first hour of FOMC day, and after that the market usually dies off intil the release of the report

[robertm 10]

Just curious how many of you trade or don't trade FOMC day. I personally avoid it and take the day off. Seems like the only good times (ie normal price action times) to trade are the first half hour and the last 45 minutes and I'd just rather not mess with it.

 

What about you guys?

 

FX markets still move nicely during Euro session, I take the US session off though, it's my night out every 6 weeks :-D

[electroniclocal 10]

I traded ES yesterday until a little before the announcement. It was just a little quieter than normal: look at electroniclocal.blogspot.com if you're interested.

 

I trade the ES and Dow Euro 50 from Europe and am mostly finished by lunchtime (ny time). FOMC days are different on days when there are high expectations of change. On days when no change is expected it goes very much like yesterday in my experience.

[Tams 20]

Tuesday Dec 15

 

FOMC Meeting Begins

 

 

 

Wednesday Dec 16

 

FOMC Meeting Announcement

2:15 PM ET