High volatility FOMC announcement day
Pascal
Today being FOMC rate outlook day was expected to be very volatile. So the calculations for probability of both hitting the entry price at 77% and hitting the stop before reaching the target at 47% was not applicable under today's condition. We hit both the entry price and the stop in a span of couple of hours because of extremely high volatility today. So I guess that while the average calculations for normal calculations are fine, we should have avoided this trade at least today.
Thanks
Managing trades on FOMC day
Thanks for the background information.
It has been a good lesson learnt on how to play a FOMC day.