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nicknextmove

How to trade on the FOMC announcement

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even not for their comments, which are very educational, volume will tell you what not to do at least.

 

I find that FOMC days, any sort of system is pretty much useless.

 

That's good that you made it back using your skills and not the system.

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Thanks Tams -

Does anyone have a service they use to alert them when a fed meeting is going to take place?

 

I don't, but I use Econoday every day to look at the economic reports scheduled for the day. Econoday

 

James also has a decent economic calendar under the Toolbox here.

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Thanks Tams -

Does anyone have a service they use to alert them when a fed meeting is going to take place?

 

 

the schedule is in bloomberg or baron's calendar.

just put the date and time in your yahoo/google calendar... and have it send you an email when there is a meeting.

Voila, you have your own reminder service !

 

 

 

p.s. maybe you can suggest it to James... to make it a service of TradersLaboratroy !

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Seems like someone always knows the answer before the announcement.

 

We use basic indicators of money flow and balance of trade to see net accumulation or distribution.

 

The chart below shows the action just before an FMOC announcement:

 

 

clue.jpg

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Looking back over charts of short term money flow in the hours before the FOMC announcements often reveal that the "smart money" was often able to anticipate the market's reaction to the coming news.

 

So far today (0848PST 09/23) they have been selling it and the first 15 minutes of trade set the tone:

 

092309rpt2.jpg

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