Daily Plan 4/6 '22

FOMC Day

Folks -

We all want a black and white answer, we crave certainty. In trading there are no certainties, only probabilities. And based on orderfow, some levels have more probability than others. This newsletter was never about certainties, but only about probabilities. What has a higher probability of happening at which level where the price action against me could be minimum?

And this is why I was not buying the bullish bets at 4580 yesterday and this is why I have been reluctant to be very bearish at 4515. With the FOMC tomorrow , this could not be truer.