Day Trading FOMC with Focus and Conviction
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This video gives my current experience with trading the FOMC interest rate announcement. This video also includes full trade breakdowns for my session on May 1st, 2024 where I traded US Treasury futures using 1-3 contracts. During the video you will hear me go over various aspects of my trading including prep, algorithmic order types, and other info about my trading.
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The content that this channel provides is intended for educational purposes only. Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. The risk of loss in trading commodity interests can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition.
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00:00 Intro & Context
3:30 Prep Before the Trading Session
4:35 What Markets I watch
5:40 Drastic changes in liquidity
7:42 Volatility contracting into a sweet spot
8:40 All Trades Profit/Loss
9:55 Pulling a bid on 10 year notes
10:46 CAD Futures long trade
12:28 Filled on ZF Short order
14:24 Sitting through some chop on ZF
16:26 Exiting before target on both trades
17:40 Scalping is key during FOMC
18:10 Closing off charts and focusing in more
18:50 Quick scalp off a daily level on ZF
21:57 Strict Loss Management is key in FOMC
24:00 Cutting the trade
26:24 Second try short on ZN
28:10 Third try short with multi level confluence
29:43 Getting filled and scalping the first contract
31:00 Pulling the whole deal for money management
31:35 Long continuation attempt on a complete lower end of range
32:30 Being less aggressive as session tapers
33:14 Description of sell limit when offer to manage downside
34:44 Shorting a daily level complete on ZF
36:33 Futures markets are normally very efficient
37:14 Sitting on hands as the session tapers
38:30 Putting on algo to sell limit when offer
40:11 Trading high ask volume before bids pull
40:58 Explaining Momentum Trade after the fact
41:56 Market was going up, why keep shorting?
42:39 Custom Order Types in Sierra Chart
43:33 Speaking on my performance
44:13 Scalping vs letting it chop
45:05 Minor tilt but kept it together
46:15 Volatility Expansion or Contraction
47:50 Did I listen to the FOMC Press Conference?
49:15 Thoughts on Reviewing Trading Performance