I wish everyone good luck on FOMC.
I said earlier that I will not trade FOMC with HFT, and got much hate on that decision.
So decided to go for it, and update what signal is HFT producing just before FOMC.
Trade it on your own risk.
If you are not familiar with news trading and how HFT works you should stay out for sure.
This is the last HFT on Non Farm Payroll:
Study it.
As well there can be 4 scenarios ( shown on chart )
We are catching the momentum here, so if you don't know how to manage trading in such situations, again do not trade it.
I will update 10 mins before, 5 mins before, 2 mins before the event.
Meanwhile I still have Gold longs running with TP 1383-1430.
As well I entered UJ short trade today as I will not have much time tomorrow to monitor charts, only before FOMC, so I enter it and let it sit and go in DD if it wants to.
See you on FOMC.
P.S There is no guarantees that I will post the signal 100%, as there can be any reasons for that.
For example if in last 10 minutes signal is very mixed or weak.
For example if there is internet connection interuption the machine can stop working, as it requires enormous internet speed, so it is sensitive.
etc.
Good Luck.
I said earlier that I will not trade FOMC with HFT, and got much hate on that decision.
So decided to go for it, and update what signal is HFT producing just before FOMC.
Trade it on your own risk.
If you are not familiar with news trading and how HFT works you should stay out for sure.
This is the last HFT on Non Farm Payroll:
Study it.
As well there can be 4 scenarios ( shown on chart )
We are catching the momentum here, so if you don't know how to manage trading in such situations, again do not trade it.
I will update 10 mins before, 5 mins before, 2 mins before the event.
Meanwhile I still have Gold longs running with TP 1383-1430.
As well I entered UJ short trade today as I will not have much time tomorrow to monitor charts, only before FOMC, so I enter it and let it sit and go in DD if it wants to.
See you on FOMC.
P.S There is no guarantees that I will post the signal 100%, as there can be any reasons for that.
For example if in last 10 minutes signal is very mixed or weak.
For example if there is internet connection interuption the machine can stop working, as it requires enormous internet speed, so it is sensitive.
etc.
Good Luck.
Trade active:
Gold acc update:
postimg.org/image/j3v05ok3b/
Still Holding too early executed buys at 1186$
Max DrawDown so far 35$.
2nd acc update with executed UJ short:
postimg.org/image/jok8dm235/
TP - free.
postimg.org/image/j3v05ok3b/
Still Holding too early executed buys at 1186$
Max DrawDown so far 35$.
2nd acc update with executed UJ short:
postimg.org/image/jok8dm235/
TP - free.
Comment:
Most probably like 99% of times FOMC will be a Turnaround scenario i.e spike>turnaround.
I prefer to see Short Signal just before FOMC produced by HFT, meaning GOLD short signal, then turnaround could follow. But anyway let's see the signal, and the outcome.
I prefer to see Short Signal just before FOMC produced by HFT, meaning GOLD short signal, then turnaround could follow. But anyway let's see the signal, and the outcome.
Comment:
I forgat that we have Retail Sales today, we can see the signal produced by HFT on it as well, as retail sales have impact on market!
Comment:
Okay so we now trade Retail Sales.
It is 10 minutes before the Event.
HFT is producing Short signal.
Meaning Gold short.
Once the Retail Sales come out Gold should go south.
Most probably we are printing good Retail Sales number.
It is 10 minutes before the Event.
HFT is producing Short signal.
Meaning Gold short.
Once the Retail Sales come out Gold should go south.
Most probably we are printing good Retail Sales number.
Comment:
5 mins till event. Signal is still short, meaning Gold short momentum on news.
Comment:
It's 1 minute before Retail Sales. Signal by HFT stays on short side.
Once Retail sales come out gold first momentum should be south.
How strong it will be and what happen after that, we are to find out soon.
Stay safe, and let's see will it go short as per HFT.
Once Retail sales come out gold first momentum should be south.
How strong it will be and what happen after that, we are to find out soon.
Stay safe, and let's see will it go short as per HFT.
Comment:
Incorrect signal on Retail Sales, although the event have very weak impact.
Waiting for FOMC.
Waiting for FOMC.
Comment:
UJ short trade is in green however Fomc may be volatile and UJ can spike up, I have no SL on UJ short and I let it go in DD if what, but you have to manage your trade based on your experience and trading setup, if you are in this UJ short as well.
I would open DXY shorts as well, but I can't.
I would open DXY shorts as well, but I can't.
Comment:
I won't trade FOMC with HFT, signal is way too mixed.
Last produced normal signal is short, is what I would prefer, a spike down with turnaround.
Meanwhile holding UJ short Gold long trades.
Take care.
Last produced normal signal is short, is what I would prefer, a spike down with turnaround.
Meanwhile holding UJ short Gold long trades.
Take care.
Comment:
Last signal SHORT turned out correct.
Comment:
Comment:
Overall this event is absolute garbage and waste of time.
Gold can move more when there is no events expected.
Absolute waste of time and energy.
Blah blah blah...
Gold can move more when there is no events expected.
Absolute waste of time and energy.
Blah blah blah...
:)