Quote from NoDoji:
Meaning...It seemed like from the timing of your posts that you put on a perfect short and exited almost b/e before the move of the day, then put on a long at a place where a short entry was indicated. Of course, the timing of your posts might be off from the chart I'm viewing, but your trading had me in a tizzy
No, I didn't catch the breakdown. I generally wait a while after FOMC minutes for price to settle down because I expect whipsawing and the thing just went straight down. Close to the place you went long I nearly got in short but it dropped really far as I was about to hit the bid. I've only played one breakout lately and breakouts are like free money on CL. I must get my CL ass in gear! (CLassy of me to talk that way, no?)
Your charts are right - it's my brain that is amiss :eek:
I was tempted to short right after the minutes, instants before the first trade, but one of my rules in CL is that I don't enter unless I have 45 minutes left in the RTH so that it has time to move (and try to close before the last 10-15 minutes which in my view are way too random due to position traders entering/exiting). So I changed it to sim and shorted for the heck of it; I was stopped out (almost to the tick) when I was preparing to add another car at a lower price (first move stop, then add).
I went long because the move down looked more like a massive stop run than a game changer and I thought that after the knee-jerk reaction to the soft minutes either stocks were going to rebound or that even if they didn't, bad news for the US should have been positive for the euro (rate-wise, as the day before with the trade balance), which had already began to rebound.
Maybe I should start a extreme-scalping movement: 20-tic stop for 1-tic target. I'm sure I could get at least 50% right - or not.
Since your reality-checking friend Lemon-what's-his-name doesn't seem to hang around anymore, I'll spell it out for you: you couldn't catch a breakout even if it bit you in the butt, abandon all hope, you pathetic excuse of a trader!

(Eeehhh... I <i> really</i> hope you know what I'm saying)