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Morning Ideas September 22, 2021Hey Traders... Really big trading day today as the FED event will likely cause a directional move in this market. I am going to stay out until after the announcement, as I think it will be more chop than anything. I don't imagine any big trading desk (market movers) to be taking a big stand in front of the event. Stay flexible and don't chase the first move after the news. It's too hard to predict which way it will break. My best guess is this... If they announce a taper before November - Market down If they announce a taper after November - Market up If they announce a taper in November - Probably market neutral as the negative aspect of that is already priced in. Bottom line is that I believe the expectation is that they will begin taper in November.
CME_MINI:ES1!
by TakeProfitTrader
2
Morning Ideas September 20, 2021Good morning traders and welcome to a new week! Market looks ahead to the FOMC announcement this week, where the consensus (from what I've read) is that they will announce a taper starting in November. If this is the case, I don't know that we will see much reaction. However, if they announce a taper that will start before or after November, I think you will see a violent move in the market. The move will likely be up if they announce the taper won't happen until January-February and down if they announce October. I think October is very unlikely. I mentioned in the video that this week will be a wild trading week, but remember that just means that it will move. It doesn't have to move down only, so please be careful just blindly selling the market because you think the market has to go down when there is volatility. I took a loss on Friday on the move down, and I will give this a go on the long side again after I observe the open.
CME_MINI:ES1!Long
by TakeProfitTrader
Morning Ideas August 25, 2021Good morning traders! Very slow and methodical trading up here near 4500. I believe that we will be pinned to these levels until there is more clarity regarding the Jackson Hole event. The FED event starts tomorrow, but the problem is that it's not defined by a certain time. It will last into the weekend, so the markets can be jolted at any time based on the policy decisions. I don't think you should stop trading through the event, but if the market starts going nuts, it's better to just get out of the trade and re-evaluate. Market will get another 'Neutral' reading from me today, which is rare :)
CME_MINI:ES1!
by TakeProfitTrader
Morning Ideas August 23, 2021Good Morning Traders! Jackson Hole Symposium is front and center in the market news now, as the fed will get together to discuss policy at the end of the week, and into the weekend. The bulls awoke on Friday and squeezed out the weak shorts, leaving us close to all time highs again. I would expect as long as the FED continues to provide the liquidity, nothing will change here and we will continue to dip and rally. Dip, rip your face off rally. Dip, rip your face off rally. Over and over and over again.
CME_MINI:ES1!Long
by TakeProfitTrader