Once again, we come upon Fed week.  This used to be a big event for the markets but once the Fed buried the interest rates at artificially low levels and held them there, it has been pretty dull for traders.  Expect more of the same with this weeks announcement.  This day will become prominent again when the Fed begins to move interest rates.  Don’t expect to see that happen until the real estate market begins to clearly recover.  Chairman Bernanke said at the beginning of the economic crises that it was real estate that got us into this mess and it would have to be real estate that gets us out.  This is one thing I agree with him on.

As for the trading, well, it continues to be very good for those traders who can manage their initial risk and find those very low risk, high reward type trades.  Once again, Steve Griffiths, MTPredictor developer, outlines one of the lowest risk, highest reward trades you will find.  He calls it the Holy Grail trade.  These trades unfold in all markets and time frames.  Check out his analysis using the MTPredictor Elliott wave and Fibonacci trading software in tonight’s video:

Tags: bernanke, economic crisis, elliott wave, elliott wave software, fed week, fibonacci, fibonacci trading software, holy grail trade, manage trading risk, mtpredictor, mtpredictor developer, risk reward

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