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FOMC meeting announcement Thursday 1/29/2015 02:40:00 AM CST Tweet

Yesterday, we all followed to FOMC meeting announcement. Generally, the market is very cautious in the hours before the announcement and very volatile in the first minutes right after the announcement. Here comes the question how to trade it? The answer is very simple for the day trader - do not trade it! Stay away in the sidelines and wait first reactions to calm down and the market get sober; unless we are entering a chop fest and in a couple of minutes monthly gains could be erased.

Econoday is a good economic calendar that I use as to have in mind important announcements, reports etc. that might have impact on the market and price action.

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