No Trade · FOMC Day
October 28 — FOMC Day, Sitting Out Is The Plan.
The lesson today: you don't have to trade every day. FOMC was in the afternoon, and the NY AM session is usually choppy on FOMC days while the market waits for the announcement. The bias said A+ only, or no trade. Nothing A+ showed up, so I didn't take a trade. No trade.
NO TRADEFOMC AfternoonChoppy NY AMA+ Only
Would You Have Taken It?
Here is what today needed. Would you have traded it?
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Calendar — FOMC in the afternoon. NY AM is usually choppy into it
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A+ setup — The bias said A+ only, or no trade. It never showed up
Passing was the plan working, not the plan failing.
The Plan Going In
Bullish into the Daily SIBI · A+ only on FOMC
The morning bias was bullish into the Daily SIBI above, with the 4H BISI below as the area to buy from. But it was FOMC day, so the rule was slow to enter, A+ only. The NY AM chopped like FOMC mornings usually do, so there was no trade to take.
The Takeaway
You don't have to trade every day.
FOMC mornings chop. If you force a trade into that, you're trading noise. It's 10x better to miss a trade than to force a bad one.
Watch For Tomorrow
Let the market settle after FOMC.
The announcement can reprice the whole range. Tomorrow, let the new highs and lows form first and trade the reaction, not the headline.
Your Turn
Do you trade FOMC days, or sit them out?
Answer in the Oraxis Discord. I reply to every one.
The Grade
No Trade
FOMC day · A+ only
FOMC day · A+ only
ResultNo Trade
NewsFOMC (PM)
SessionChoppy
RuleA+ only
Why Post Every Day
Wins, breakevens, and the days I sit on my hands all get posted. The record only means something if it's complete. No hype, just process.