Click on chart for a larger picture. This move if you would have been caught short before the announcement would have produced perhaps a $5,000 to $7,000 loss per contract traded.This is a perfect example of why watching the FOMC report is of HUGE IMPORTANCE as a trader. DO NOT EVER UNDER ANY CIRCUMSTANCES CARRY A POSITION IN FRONT OF THIS REPORT!!!
Enough said, on this ... you can't say I never warned you about why I do not like trading in front of the FOMC ... now you know why I feel the way I do about it.
Good Trades,
David AKA Tiger
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