Back tomorrow for FOMC! Let's take our foot off the peddle a little now. KOG

Nice!

FOMC Tomorrow, take it easy now please

It's FOMC today, you know what that means. Best practice for new traders is to sit the event out, wait for the price to go where they want to take it, look for a clean set up, then enter the markets if you wish to trade. The most amount of money and accounts are blown during FOMC and NFP because traders are trying to capture the volume driven candles with large lots. This is not trading, this is gambling! Tonight the casino is open, the drinks are free to entice you, only you can have that discipline to sit and wait patiently for the right moment, when the slot machine is full and ready to pay out

Todays levels

Red boxes

We wanted that 2435-40 region but with the volume there was no set up to short it until early session. We no have resistance at the 2347 level as shown on the red box, which needs to hold price down to continue this move further. Support stands at 2430 which could give a temp bounce. We're not looking to go long today unless it's a scalp on the red boxes, otherwise, we'll continue with the plan.