FOMC announcement, FED raise rates by 1/4% to 4.5% --> $1570 profits.
Hi, how's your trading with the FOMC announcements?
Market did not move as expected after the annoucement with only a 10 point spike down at 14:20 and price immediately spiked up. I managed to capture the downward move by shorting 2 contracts which resulted in $370 of profits. The upward spike was unexpected and I decided to stay out of the market.
At around 1530, price started to move down again... I decided to take my chance by shorting 1 contract and placed my stop loss at 1727. I was prepared to exit if market turned against me all of a sudden. At 1716, I shorted another contract and hoped for price to go down further. My original price target was at 1705, but I moved it further to 1698, after price spiked down sharply. Another $1200 in profits.