The FED Trade

[Matt Bowen]

Most people do not like to trade before FOMC meeting announcements due to Volatility. Having said that, the Trend going into the FED announcement was UP. Notice we has a Red area (Down Trend) after the report and then a rally on the last hour to hold-on to the uptrend.

[Matt Bowen]

Going into the report we had a buy signal off of the NASDAQ 5-minute trade setup (as seen in the scanner)

**NOTE** This was not a perfect setup off of the WPT levels.

[Matt Bowen]

Here we can see the trade moving to the Typical Wave C level at 7.3 X 1 Risk/Reward... Is this a great setup, no...but it does go to show you that if you manage the trade properly you don't need to worry about anything else.

[Matt Bowen]

As you can see from the trade setup in the Russell 2000...this was clearly the "Trade of the Day".

When you are in MTPredictor...look at the WPT levels vs. those on the NASDAQ, they are perfect.