Notes
- The lecture focuses on analyzing the Federal Open Market Committee (FOMC) event.
- Michael emphasizes a wait-and-see approach until the 2:30 p.m. release since the first move after the release at 2 p.m. is often the fake move (manipulation). The real move comes after 2:30 p.m. (FOMC is a two-stage delivery event).
- Trading before the FOMC announcement is very risky, especially for inexperienced traders. If we want to trade on this day, it is better to wait until 2:45 and then start analyzing the situation in the market.
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