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FOMC Day – Trading Video – Dec 17 & 18, 2013


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This video is designed for educational purposes only and to show some of our trade plan setups to reinforce our daily trade plan review.

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TraderShark

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Good evening traders, this is Brian with TraderShark.com, an educational website to learn how to trade the emini S&P futures, the Euro futures and the crude futures. I’m going to talk to you today about Tuesday and Wednesday, December 17th and December 18th. The week before Christmas.
 
The market opened up here at 1780.00 represented by this white dotted line. We generally don’t trade from 9:30 until 9:45. Coming out of the no trade zone we had a nice little push higher. Pull back. Thought we were going to continue higher and actually I forced myself out here at minus 8 ticks. Only to watch the market continue to go into a sideways motion or what we call a megaphone pattern. And the megaphone pattern is really not something you can recognize until after it’s already occurred. That’s creating higher highs and lower lows. And the only way to really play that is on the 5th break towards the downside. In this case just nothing seemed to be working. We did finally have a selloff into the lower side. Little pullback. Continuation. Got the first target off and second target stopped out early for a total of 6 ticks.
 
As we continue on into the lunchtime cautionary zone from 11:30 until 1:15 Eastern Standard Time. Generally it tends to be sideways to bullish during the lunchtime zone. Coming out of that lunchtime zone we had a nice little push higher. Pullback. Looking for a continuation. I didn’t really get a nice setup here. Setup seemed to work out nice right there at about 3:20 or so and got almost a full stop out at -12 ticks, so for the day we had a total of 3 trades, minus 14 ticks for the day. And then we went into the final cautionary trading zone at 10 minutes to 4.
 
Okay, so let’s go ahead and look at Wednesday FOMC announcement day. We didn’t expect much from yesterday or the day before FOMC announcement. And on the day of announcement we’ll generally see a push one way or the other. Actually we just saw a lot of sideways chop.
 
Had one opportunity here at about 10:00 for a shorting opportunity to get stopped out for minus 3 ticks. First target was hit got stopped out for minus 3. Continue on into the lunchtime cautionary trading zone with no trades this morning. As we worked our way towards the FOMC announcement at 2:00 Eastern Standard Time I want you to see the initial reaction was down. They sold off. This usually happens so fast, we don’t take advantage of that type of trade. We wait for the dust to settle.
 
Market took off, pulled back. Really expected this to be the selloff. Did not occur and the burst higher was not able to take advantage of it. This is more of a grind higher. And then once we reached our Shark band we had an opportunity to go short. Held on with 3 contracts, total of 33 ticks to the downside and then found support on another Shark band which you don’t see in this picture.
 
Working our way to the right-hand side and then right there about 2:30 another launch higher for a total of 14 ticks. Reaching up into the same Shark band we were talking about. Pull back, continuation lower for a total of 10 ticks on into the close and that was it for the day. 4 trades for a total of 54 ticks. And then we went into the final cautionary trading zone. I’m not expecting much more for the rest of the week.
 
I want to thank you for watching for more information on these type of trade setups or to learn more about the TraderShark trading methods, please visit TraderShark.com. Thank you. Have a great night and I’ll see you in the Shark Den tomorrow morning. Thank you.
 
Link to Video and Transcription
 

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not an indication of future results.

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