ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Quote from Buy1Sell2:
Will begin looking short again now. 135 pts per contract on that trade. Nice gain--very satisfied with the performance.
Buy1Sell2 --
Do you recall about when you put this trade on? The reason I ask
is that I'm interested in how you might have gone about the decision of which contract to short. Did you initially choose the SEP
contract or did you roll a position from the JUN contract.
Is that even the correct terminology? -- I'm just beginning to learn about futures.
Thank you for your time and the voluminous journal.
newbie
c'mon dude u know how this goes.
Rule #1 - Pre announcement fed rate days
The market will be run in the opposite direction until the 2:15pm release then the reversal comes. This is what is known as pricing in the move. In other words if the fed funds predicts an increase/rate cut or "nothing" the market will move in that direction. If the fed does what is expected then the market will then move in the opposite direction after the announcement.
PARABOLIC MOVES only occur when the fed surprises the market i.e. in between meetings the fed cuts/raises rates OR does the opposite of what is expected.
disclaimer: The above is subject to change without notice. past performance does not guarantee future results. there is risk of loss in trading stocks & financial futures.
:eek:
I wouldn't count on it. I think it's foolish trying to find rhythm and rhyme in this market. On the contrary, the market will overrationalize itself out of the shitty hole that's currently in. How many times have we rallied on "less than shitty" economic numbers? It makes me wonder who started that biggest bullshit that sez the stock market looks ahead of the economy by six months.
Quote from pulsescan:
c'mon dude u know how this goes.
Rule #1 - Pre announcement fed rate days
The market will be run in the opposite direction until the 2:15pm release then the reversal comes. This is what is known as pricing in the move. In other words if the fed funds predicts an increase/rate cut or "nothing" the market will move in that direction. If the fed does what is expected then the market will then move in the opposite direction after the announcement.
PARABOLIC MOVES only occur when the fed surprises the market i.e. in between meetings the fed cuts/raises rates OR does the opposite of what is expected.
disclaimer: The above is subject to change without notice. past performance does not guarantee future results. there is risk of loss in trading stocks & financial futures.
Thanks for the disclaimer. I am thinking short after the announcement and vol, just a guess though. Maybe the (yawn) language will be the difference or Ben sticks us with a full point raise.
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