Which specific events does the speaker say they avoid trading during?

Kardec TraderFutures Trader. Creator of The Midas Touch. Mentor

Understanding Macro Trends in the Market is Key 🔑

11 Jul 2023 · 1 min

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A short YouTube video by Kardec Trader (uploaded July 11, 2023) giving practical trading guidance: avoid trading before or during major macroeconomic events (e.g., Powell speeches, FOMC meetings), because big players may sit on the sidelines, reducing activity and clear price movement. The speaker recommends sitting in cash on those days and waiting for volume/activity to return before trading.

Questions this video answers

Powell speeches and FOMC meetings (major economic announcements).

Chapters

Criteria and selection when to trade and when not to trade. One, if there's big economic events going on or big economic data coming out, I don't like to trade them, especially beforehand or during when Powell speaks or we have the FOMC meeting. I don't like to trade those until the dust has settled. So a lot of times when you hear the market, people talk about the market and they're like, this week there's going to be so much news. It's a big week for the market. I'm like, yeah, it's a big week for the market. Doesn't mean it's a big week for traders. A big week for the market means a lot of economic news. When there's a lot of economic news, a lot of big players sometimes will sit on the sidelines. If they're sitting on the sidelines, we don't have a lot of activity. If we don't have a lot of activity, there's no movement, there's no plays. Wait for the economic news or wait for the activity to come out. Let the big players come back in, let the activity come in, let the volume come in, and then naturally, let the place come to you. Right? So it's those days I just sit cash and I'm. I'm okay with it, right?