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5. Futures Economic Reports for Tuesday April 26, 2016
Hello Traders,
For 2016 I would like to wish all of you discipline and patience in your trading!
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Greetings!
The week started out a little slow and on lower volume than normal as I think market awaits FOMC this Wednesday.
We do hve a few important reports tomorrow that may provide for some more movement ahead of the rate decision on Wednesday.
I do think that markets have patterns that repeat themselves, the question is when does it happen and how to act on it when it does and how to protect yourself when it does not.
There are certain days of the week, certain days with reports that can increase chances for behavior one way or another. Sometimes just knowing when we have higher chances for higher volatility can help one be more prepared for the trading day.
I mentioned before about crude oil trading extra volatile right around 8 Am and 1:15 PM central time ( right around the open of the old pit and before the close of the old pit). There are days when energies may have some very large moves during these last 15 minutes.
