Unpopular opinion: the Fed decision at 18:00 UTC today doesn’t matter!
What Warsh says at 18:30 UTC does.
About 90% of traders expect a hold at 3.75-4.00%, so it’s already in the price. Only a surprise hike, with odds under 10%, would change that.
Here’s what I’m sticking to before 18:00 UTC:
> Stops and size set early, not at the last minute with adrenaline
> No new trade until the press conference ends
> Size small enough to stay calm, whatever the candle does
Hold is the base case. Words are the risk.
Agree or not? Will you trade the press conference or sit it out?
#FOMCWatch $BTC
What Warsh says at 18:30 UTC does.
About 90% of traders expect a hold at 3.75-4.00%, so it’s already in the price. Only a surprise hike, with odds under 10%, would change that.
Here’s what I’m sticking to before 18:00 UTC:
> Stops and size set early, not at the last minute with adrenaline
> No new trade until the press conference ends
> Size small enough to stay calm, whatever the candle does
Hold is the base case. Words are the risk.
Agree or not? Will you trade the press conference or sit it out?
#FOMCWatch $BTC