Traders should “avoid the noise” as much as possible when trading. This implies trading at specific times and trade location where there is a greater than random chance of taking a trade that has a positive expectancy. Trading from now (Wednesday, September 15) until an hour or so after the Fed announcement tomorrow is very unlikely to offer such an opportunity. When the dust settles you want to be trading in the direction of the price side of the High Volume Node of the index / ETF ./ futrue / Stock you are trading.
Below are the indexs futures contracts and the ETF index proxys with Key Reference Areas highlighted. The HVNs of the contracts are circled; if the market is trading above that level favor longs. If the index is trading below that level favor shorts. When the dust settles Thursday there is a good chance of the intermediate term direction being set, and therefore the potential for a very nice trade.
ES
SPY
NQ
QQQ
TF
IWM
YM
DIA
