Category:FOMC

Federal Open Market Committee meeting and announcement. Day traders should exit positions before the report and wait until at least 10 minutes after the report before trading again to allow for a trend to begin. Market tends to be in TR much more often in the first half of FOMC day^[1], that means traders should BLSH.

Below table listed all the FOMC days from 2018, as seen out of the 44 days, 32 days had typical trading range price action before the FOMC announcement at 2pm ET, which is about 72%, this actually give traders more confidence to buy a reasonable bull reversal setup, or sell a reasonable bear reversal setup during the first half of a FOMC day, especially when the reversal signal appears within the first two hours.