Mar-20-2024 usd$439.50 in profit US FOMC - Fed's speak
Last day i got the email from my AMP broker account announcing the margins increase for the FOMC and Fed's speak so always i get that i know i must be aware and evaluate the risk to trade.
So i decided to enable CTTool010 overnight and disable it around or before the US market open and re enabled it after the Fed's speak. The best is not to trade but last time at Dec 13th i saw a good time with the CTTool010 after the announcement (a big loss risk is with high probability so there is no way i will trade at news time).
The market did not moved enough at European session, so there was no trading activity, then at US open the market was cautious so still in a small trading range without any grid activation.
The CTTool010 automatic mode disabled now waiting for the FOMC data release and Fed's announcement.
The FOMC data and the Fed's speak was in resume positive for the market (no changes in the interest rates & inflation goals) so the market started trading in the up direction, with high volatility at the FOMC release.
CTTool010 now with the automatic mode enabled (14:40 EST) took the up grid direction and even when the price made a pause (small sideways range) resuming the up direction the profit collection was good for this risky day.
All have a great day!
AG