FOMC minutes --> $1120 profits. Straightforward Trade.
5 minutes Nasdaq 100 Emini Chart
Hi,
I hope you captured this... FOMC minutes announcement at 14:00.... If you are in the forex market, you will know how fast markets react.. but in the index futures market,, there is still some reaction time and opportunity to make a profit...
This trade is simple.. no brainer... I simply waited till 14:00 for the announcement.. and I monitored the movement for around 5 minutes and decided that price was going to go down....
I short 1 contract at 1782... another 2 contracts at 1771 when my conviction is proven correct... I covered at 1756.. after a slight pullback with $1120 in profits... This is a trade I feel everyone should capture..
Some Fundamentals:
The report that took a toll on stocks was the FOMC minutes release. Though some committee members wanted the statement to more reflect concerns about economic slowing, this didn’t occur and the Fed kept a focus on inflation risks. This could change come Friday if the jobs report comes out weaker than expected.