The Word for Today is Caution

Join countless traders worldwide who use
the Hawkeye algorithms day in and day out to gain a powerful edge

The Word for Today is Caution

Today is FOMC day, so the word for today is Caution. FOMC day is when the Fed Funds Rate is released. This report usually brings a lot of market volatility, especially if changes in the interest rates are expected. We are expecting a reduction of the interest rates by 0.25%, down to 2.00%.

Usually on FOMC day, the markets tend to be range-bound and choppy. Volatility also increases in anticipation of the report.

So the word for today is Caution. If you trade, take profits quickly, and don’t trade just prior to the news. Wait for the trend that comes AFTER the announcement. That is where the real trade begins.

I like to trade 3 minute charts to see the results of news. This way, I can identify and react to the trend that forms based on the news results. Patience is the key, especially when big news events make volatility spike. Learn to trade the Hawkeye way.

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Free Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

[sg_popup id=13743]