Why I ‘like’ news events

i, folks, we had the much anticipated FOMC day where the Fed raised interest rates by 25 basis points or a quarter of a percent. While most of the talking heads, news outlets have been making a big deal, out of the news, what’s anticipated what’s next, I had been waiting patiently for that statement to come out. So I could look at potential opportunities to trade now. Now, you’ve probably heard or been taught, stay away from news events don’t trade in front of news. And I mostly agree with that. In fact, I generally try to stay out of important news events such as NFP, FOMC, ECB rate announcements, and so forth. Although it’s not always possible. But coming into today, we knew there was going to be a rate announcement, we were pretty confident that we’re going to raise rates, and that it was probably going to be a muted market environment, for the most part, leading up to the event. And then after the event, it’s really one big giant coin flip. And that’s the reason is wise to stay away from news events. Now, with that being said, it’s after the fact after the news release as what I like because many times the volatility and sporadic nature of markets. And in stocks, this could be due to earnings reports and things like that. But they move markets to key levels that I’ve been waiting and watching very patiently. So the first one here is the 30 year bond. And I’ve got this level martir at 151. Why do I have that level March, let’s flip to the daily here. And you can see that we have some major support here at these levels that right here at 151. Why? Because this is basically where some major buyers, some major players stepped into the market. And they bought this is the last kind of bottomed down here before markets. Just really, I mean ripped up about nine handles. Now this is largely due to the volatility we had concerning Ukraine and Russia is flight to quality here we’re bonds retire. But regardless of the fact we had an area of interest down here at 151. So that is what I’ve been waiting and watching for who knew or who knew how long it would take to get down here if it got down here at all, but we felt pretty confident would let’s go back to the hourly. And that’s exactly what happened. So this is these are the hours leading up to FOMC. You can see rangy, very tight, just kind of drifting along here. You can see that on lower timeframes, 10 and two minute, and then approximately 1415 minutes after the rate announcement we came right down into this 151 level, which provided a very nice buying opportunity. Because we knew the significance of this 151 level. We can run tight risk below this targeting next area of structure either on the two minute or the next highest timeframe here on the 10 minute now. You can see that we basically took maybe two ticks and heat and then we ran it up to 25 ticks. So 25 ticks times $31.25 is about $780 A contract now my next video I’ll show you how we did this in the E Mini s&p could could have been used to trade the spy or SPX and we talked about this exact strategy, exact setup exact system and my upcoming workshop on Thursday, March 24. I’m going to hyperlink you to that registration page and I cannot wait to share this information with you