Tuesday, December 16, 2008

MY FOMC TRADING

i made profit at FOMC in 2008 following my procedure below.
i hope this helps for your trading at FOMC(only FOMC)

1,wait until 2min before FOMC announcement.
because chart start to move 15 min before, that i do not believe which way to go.

2, find correct position at 2min before FOMC.
that point is my starting point of calculation

3,set short and long stop position with loss cut/TP
as this FOMC i found 90.10 is calculation start to have short/long.
short stop at 90.00 tp 89.70 lc 91.50
long stop at 90.20 tp 90.50 lc 88.50

4,if either one was hitted, cancel other.

happy trading!!!

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