Look I don't care what TradingView.com says...IVE GOT THE BEST FOLLOWERS. Thanks guys!
Here it is.
A thought experiment is arriving at a hypothetical outcome based on an event with no prior knowledge whatsoever. I'm 2 for 2...and i can crash and burn on this one.
Tomorrow as we all know the Fed will conclude their 2-day November FOMC meeting. Its highly anticipated that they will raise rates by .75 points. My jest is the uncertainty is will they pivot towards a more dovish posture, or will they maintain a more hawkish stance.
Truth be told, I could care less about this. To me it's like reality TV. Who whore it better? Powell or Yellen? Jeez, I feel dirty just involving myself in this conversation. But what I do care about...is my followers. I talk to many of you via DM, comments, and even on my personal cell.
I want my followers to NOT CARE ABOUT DAYS LIKE THESE. Analyze the pattern and have a plan well in advance. What the Fed does tomorrow will always be the excuse...the direction...you're already trading.
SO, here's (The Specifics) what my Fed Day thought experiment entails is this.
1. Price will make a new low tonight or around the time the cash market opens at 930am EST.
2. Price will spend the vast majority of the time consolidating, with a slight upward bias into the afternoon.
3. When the Fed announces the rate decision the high that price strikes should not exceed 3912.
4. When Chairman Powell starts to the Q&A portion of the Fed Release. Price will drop precipitously.
Webster defines precipitously as:
Dictionary
Definitions from Oxford Languages · Learn more
adverb
1. very steeply. "off the coast, the depth of the sea floor drops precipitously"
2. hastily and without careful consideration.
...and there you have it.
IF I'M RIGHT, THIS WILL AFFECT ALL RISK ASSETS...INCLUDING CRYPTO. If this plays out as outlined above can we please put to rest that news and events precipitate price movements....PLEASE?
Best to all,
Chris
Here it is.
A thought experiment is arriving at a hypothetical outcome based on an event with no prior knowledge whatsoever. I'm 2 for 2...and i can crash and burn on this one.
Tomorrow as we all know the Fed will conclude their 2-day November FOMC meeting. Its highly anticipated that they will raise rates by .75 points. My jest is the uncertainty is will they pivot towards a more dovish posture, or will they maintain a more hawkish stance.
Truth be told, I could care less about this. To me it's like reality TV. Who whore it better? Powell or Yellen? Jeez, I feel dirty just involving myself in this conversation. But what I do care about...is my followers. I talk to many of you via DM, comments, and even on my personal cell.
I want my followers to NOT CARE ABOUT DAYS LIKE THESE. Analyze the pattern and have a plan well in advance. What the Fed does tomorrow will always be the excuse...the direction...you're already trading.
SO, here's (The Specifics) what my Fed Day thought experiment entails is this.
1. Price will make a new low tonight or around the time the cash market opens at 930am EST.
2. Price will spend the vast majority of the time consolidating, with a slight upward bias into the afternoon.
3. When the Fed announces the rate decision the high that price strikes should not exceed 3912.
4. When Chairman Powell starts to the Q&A portion of the Fed Release. Price will drop precipitously.
Webster defines precipitously as:
Dictionary
Definitions from Oxford Languages · Learn more
adverb
1. very steeply. "off the coast, the depth of the sea floor drops precipitously"
2. hastily and without careful consideration.
...and there you have it.
IF I'M RIGHT, THIS WILL AFFECT ALL RISK ASSETS...INCLUDING CRYPTO. If this plays out as outlined above can we please put to rest that news and events precipitate price movements....PLEASE?
Best to all,
Chris
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.