Thoughts for Tuesday 3/21/23

Waiting on FOMC.

Hello traders, We had excellent night session setup and RTH setups as evident in below tweet.

Futures Trader @FutureTrader400

Good morning, this is the trade I gave to private telegram before going to bed. 2 point MAE for 60+ points during night hours while you asleep. I missed the move as got stopped out but some ppl in room were in it. And add to that we have been long from 52 and again from 66 since… https://t.co/0TJkGXowMd

Some snips from telegram.

Econ Tomorrow:

10:00 EST Existing Home Sales  

13:00 EST 20-Year Bond Auction

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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