FOMC Trading Strategy in 2 Minutes - Avoiding the CHOP
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- Опубликовано: 30 янв 2023
- This is a 3 minute example from several FOMC releases and how to follow these rules to create a strategy to not be fearful to trade during #FOMC.
This works on #cryptotrading #forextrading #ES #SPX #SPY #commodities
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#Forex #BTC #ETH #SOL #SHIB #PEPE DOGE #SPY #ES #SPX
I used it following the 5/3 FOMC report. Price didnt close outside until 4am but soon reversed. This was on EURUSD.
Day after day win after win it’s amazing this indicator is the TRUTH!…….
Thanks for the support!
I used this, it absolutely works!
So many retests today and breakouts from this. Glad it helped you!
I love 30 min charts! Seems like on Wednesday premiums are over priced, and the good move happens thursday, so this chart makes sense.
09:15 June 15 2023, SAST. There was FOMC yesterday and I can confirm that this strategy actually works, I used it on XAU/USD!
That it did, great job and thanks for the kind words!
Price went a little past the midpoint and revers again as you mentionwd about back testing,
Incredible strategy
When the market close outside an't we suppose to wait for retest?
After the 2pm 30M candle, aren't there only 3 more 30M candles before market closes?
Exactly what I thought this wasn’t as helpful
You both are slow asf. Look when the breakouts happen anyways. The day after during London and NY session. And you want to make money trading lmao
Because this is for Forex market strategy. Not exactly compatible with Options/stocks.
Whats the fib settings?
Simply amazing!
Many thanks!
Beautiful algo I’m looking into investing my money in 👀👀👀
Hi Jae. You can join our free discord side to ask questions and speak with members about it discord.gg/trt or you can go to our website here truerangetraders.com/plans Have a great day.
Hello sir ! In fomc day there are fews news a 7pm and 1 news at 7h30pm. This strategy is for 7h30 pm ?
Thanks ! ( im from france sorry for my english)
FOMC release is at 7pm your time. This strategy is for that releases. The 7:3pm time you are talking about is when Powell speaks, and that is after this indicator has shown you what to do. By the way, the long ideas from the system worked great today!
You genius! @cryptonick! Thaaaank you! 🙏
Thanks for the kind words.
Cool
Good video bro I literally was clueless about fomc I just fucked the market opening in the face this needs more views I drifted a little but I stuck to your plan and ate like a fat boy
Congrats .
Bro what is the name of the tool that you use to measure the FOMC candlestick?
This is a free indicator that can be requested on our website - truealgo.com
great
Does news releases like this happen everyday during the normal week at 2pm EST or just on certain days of the month.
New events like this only happen about 20% of the time each month.
Thank you for clarifying because I was up on the charts today looking for a setup and it didnt take place. I figured maybe this meant it was a infrequent thing.@@TrueAlgo
After 30m candle close, what time frame do you used?
30m will always be preferred, if you really want to swing, you can move up to 1 hour. Some traders use this with a 5m scalp but you will get more fakeouts this way. We have a free indicator for this here now: ruclips.net/video/P5Zpn96U4_o/видео.html or go to our website and on the homepage there is access to it as well.
did you switch back to a smaller time frame after the main 30-min. candle
We like to use the 5m or 30m. The 30m is the best, if you are a swing trader the 1 hour candle over the next couple of days can provide quite the swing opportunity.
ruclips.net/video/P5Zpn96U4_o/видео.html shows the full strategy and the brand new FREE indicator we released
Pls ur Fibonacci settings which levels did u remove
Just use the 50% mark of the tool nothing else.
More info about the indicator, where does one start? Thnx
Hi Joedy. You can join our free discord side to ask questions and speak with members about it discord.gg/trt or you can go to our website here truerangetraders.com/plans Have a great day.
And what if the very next 30m candle closes above the fomc candle? Should we still make an entry?
ruclips.net/user/liveD8zcRK-UzvA?si=9hwWYd11U3GwcVFu Here is our livestream of CPI where you can see us do it in a live situation. Hope this helps.
This you showed is after FOMC days, meeting was on Dec 13-14 and in the video it is Dec 15, I can def wait for 30m close above or below the FOMC high, low. But you forgot to mention it is after FOMC days and not on FOMC
Feel free to check the ES for March if the strategy worked.
Does the algo work with think or swim?
We currently only work on tradingview though many of our traders still use ToS to activate their positions.
Is this after the release or after JP speaks ?
2pm candle is before Powell speaks. Powell will speak after that 30m candle closes. Anything Powell says means nothing as the report is already priced immediately in that first 30 minutes.
What trading platform do you use?
This is on TradingView
Does this strategy works just on FOMC or other high impact news as well?
Multiple news events like FOMC Minutes, NFP, CPI
@@TrueAlgo nice, thanks!
Please, does this strategy also apply to FOMC meeting minutes?
are you looking now he he am also watching ths
try lets see
Did it work bro?
Is it works on forex? Which pairs?
Yes this works great on Forex. We currently offer it on 6 pairs based on community wants. We are adding more pairs regularly. You can see the current list here www.truerangetraders.com/plans
I use it in 1 minute time frame
Thanks for the strategy but Im thinking there must be more to it.
Yeap nobody want to tell easy money
😊but it did not go far and is currently reversed again. So what did I miss?
Try to focus more on the High and LOW from the strategy instead of only the middle/EQ
What is this pairs ?
EUR, ES , NQ , US30 pairs work best.
throw more light
I only got this recommended after fomc 😢 but great video tho
We help with all major news events such as CPI PPI FOMC Non farm payrool, make sure to give us a follow for immediate video postings.
Does this strategy works on Gold?
Yes
@@TrueAlgofib settings?
@@daddyfedda8530 we have a a free indicator that plots this for you. You can also just use the 0.5 setting.
@@TrueAlgo what's the indicator?
@@daddyfedda8530 HINES you’ll find it on our site not TradingView. Follow the pop up.