FOMC today! Will SPY rally or crater? Trade Ideas for Wed Oct 29
Edge spots 400% gainer!
Good morning all. Got caught up working on Edge and adding a new feature. The new analysis caught the afternoon rally and the short yesterday but you had to be looking for it. I’m working on how to make it a bit more obvious and easier to get the info!
Also changing airbnbs today so hopefully I will be all setup again in time for afternoon fun.
FOMC day, I avoid opening trades until 2:45pm. Contracts are juiced. I will trade futures after 10:30am.
If you are tired of overtrading, not knowing how to plan trades, and want to make more in less time, come join us.
What is Two Hour Trading?
Two Hour Trading is my system for finding and executing trades while spending less than two hours a day trading. My goal is to earn 100-300% on the capital I risk while waiting for 1000%+ gain trades to set up. Key benefits include:
High-quality trades with excellent reward vs. risk
Avoiding overtrading and losses from it
Trading to win vs. trading not to lose
Stacking the deck in your favor
If you are busy and want to see my commentary and ideas in real time consider joining THT-PRO.
Plan for Wed Oct 29
Stick to process. The process and trade setups I teach works. Rinse and repeat over and over again. There will be losses. Any good system will have them. Being systematic also means the gains will repeat and come again too. If you keep changing your system/process trying in an effort to never lose a trade, you will never get to where you want to go.
Premarket hints at upside momentum—watch for reversals above pivot to avoid downside traps.
Market Context
Latest premarket close is 688.72, sitting just above the pivot at 687.35, positioning for potential continuation higher unless support fails.
Key Events Today
FOMC at 2pm. Powell 2:30pm