Indeed, the markets get so illiquid just prior to the announcement that a few hundred ES contracts can really move the market. Also, the announcements can be been late, (recently by up to ten minutes) depending upon the health of the fax and copy machines at the Fed and Treasury (no joke here). I wait for the embargoed headlines on a news feed to confirm the release actually occurred. Here's a free one:
http://www.marketwatch.com/story/newsviewer
Hi Billy,
I've been looking at this analysis, conducted by you in September after an FOMC trade.
Can I ask what you plan do do should the market decide to sell off against our robot positions hard after the announcement?
Many thanks,
I will act like a robot and let the trade pan out until stop is hit or overnight signal change. I haven't boarded this boat before thinking first it might sink. I took it because waters are not too deep for me on this trip and I have my safety buoy (stop) with me.
Billy
Aye, aye skipper!