Thoughts for Thursday 3/23/23

With FOMC behind us. What's Next?

Hello traders, We had an excellent FOMC day with price pretty much following our script given yesterday night as well as its execution real time after FOMC on private telegram.

Futures Trader @FutureTrader400

Good afternoon as per the script. 4080 and 3986. #ES_F

Powface @pow_face

@FutureTrader400 40 long (+25), 50 short (+20), 50 short (+20 - would have been +80 if held runners on 4000 break). No one has execution like FT. A months worth of points in an afternoon. Insane.

Econ Tomorrow:

08:00 EST Building permits

08:30 EST Jobless claims

10:00 EST New home sales

I suggest to not trade night session from 10 pm to 2 am chop. If action has to happen than it will happen before 10 pm or after 2 am EST. You can generally play short on top level provided for nightly range and long on lower level of nightly range after 2 am or 3 am. But get out of the way if it rips or drops thru levels and wait for new opportunity or flip. And of course never add to loser and better yet cut it and reset.

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