ES Journal Archive (2009 - 2010)

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wow volume is 30% under average.

Just one more fyi, the risk reward here is pretty ridiculous for shorts. You are looking at a target of 820 with a risk of a handful of points.
 
Quote from vertigo3:

at this site you can view previous FOMC days.

http://www.mypivots.com/articles/articles.aspx?artnum=11

last 2 announcement days have seen close above open, then down on the following trade day.
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My observation is that market tends to float higher in light volume at pre-FOMC announcement, espeically recently.

Today my guess is that the big boys wants to use this day to break key resistance level at 870. My analysis of charts also support this point. We will see what will happen.
 
Quote from trackstar:

Killin it lure, nice trading!
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Yep, could leave some on the table though since a B/O above the yearly high at 83.5 is very likely but happy with a quick buck as momentum was slowing down under the ceiling.

edit.... as I write.... call that suboptimal exit:)
 
Quote from Lawrence Chan:

What can fed do?

Negative interest rate! =)
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Ask not what your Fed can do for you, but what your children and grandchildren will have to do for your country :D
 
Quote from Lawrence Chan:

What can fed do?

Negative interest rate! =)
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Make a statement that the economy is showing "signs" of improvement, thus there's no need to drop rates by another 100 basis points to -1% :D
 
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