One of my favorite setups to watch for each week is the “First Come, First Serve Fade” with crude oil inventories each week. This is a setup that I have been trading for over 20 years and we have a distinct advantage now, with a simple calculation I created just over seven years ago. I explain it in this update.
How do we keep from overtrading, especially on FOMC days? What are events that trigger fades? And how can we be more patient when daytrading? All that and more in this update.
It’s time to stop cutting the tree and start sharpening the saw.
The usual plan is to stay long ahead of the FOMC, but after? It’s a whole different story.
“Buy the FOMC, Sell the Powell” does tend to be a good setup. And I think weakness on the 2 PM ET event will be a terrific opportunity, if we can get it.
Let’s review 3 tickers with great setups into Quad Witch Expiration, as well as examine the risk in VIX as we head to the final monthly expiration of 2020.
