Personally I am excited as we get closer to FOMC, and I will be trading FOMC event.
I will have positions on:
I will manage to trade this event with High Frequency news trading machine, as HFT is back in da building, and we had a great success trading news with this machine. Last NFP was sweet as well.
Since I have a lot of new followers that have no Idea how HFT works, I will refresh memory for you guys as well write down things for new followers, but always remember News Trading involves high risk.
So basically what we are doing is predicting the first momentum with HFT .
If you remember the last NFP, you saw the momentum spike upwards. Strange even tho we printed good NFP and rate data, still first momentum was up, and HFT nailed it's job.
Persoanlly how I trade news with HFT is I open BIG lot size, and set TP for this trade to lock the profits, if TP not hit I monitor situation manually and if momentum loses STEAM I close the trade.
I am not using SL because in first second or second before the news there are spikes before momentum direction and spike size depends on your broker.
Last NFP for example It was not a killer, because I feel the signal that is being generated and I know whether the event will be meh.. or event will have strong impact.
Last NFP generated weak signal and we got relatively weak NFP impact.
The same goes for FOMC, as I will feel whether the event will be weak, or strong impact based on data that I get.
But I reckon that FOMC will be a TURNAROUND event and not a Dirrect one.
Basically what that means is that HFT will generate for example LONG signal, once FOMC come out the momentum will be LONG ( spike up ) and then the turnaround follows, the same vice versa.
Of course it can be dirrect move and if signal for example is LONG it can start to go long, and go straight up, same vice versa.
Anyway I'll be in the trade, because this FOMC event should be great and should move the market and you can trade any xxx/usd usd/xxx pair if you want since on all of them there will be an impact.
Let me know in comment section below if you have any questions.
Because this event can be too risky, and I don't want blown accounts.
I know how to manage HFT news trades and how to react and I can read the behaviour behind this, but there are people that just take things too close to heart, and act like sheeple, so I don't need yelling and screaming people afterwards. I trade it myself, and suggest you to stay away from Forex during FOMC. There will be plenty of events to trade later, but I keep the rights not to inform you about direction on this FOMC. Topic closed!
sheeples are dangerous (to themselves) and i really don't get the haters - please don't let them get to you and know that the majority of TV citizens appreciate open sharing of ideas, even if we sometimes get drowned by all the noise from the haters.
1 " When will more information regarding is event be taking place " - Please elaborate as I don't understand this one.
2 " when is the actual event? " - Here you go, let me do the google search for you: http://letmegooglethat.com/?q=forex+economic+calendar