btw I have to say the market is acting VERY strangely.. if anything I thought we'd gap DOWN not up to start the day with the fed meeting this afternoon.. I am not sure what to make of all this confidence in the markets on such a big day.....
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Frosty's e-mini journal
- Thread starter frostengine
- Start date
IMHO, that was a lot of short covering that sent the futures higher pre-market.
Just be sure that you don't have an open position before the Fed minutes are released. Don't try to guess what is going to happen because both sides will be wrong. The market loves to put in oreo cookies after the minutes come out--up candle, down candle, up candle, etc before settling in.
Just be sure that you don't have an open position before the Fed minutes are released. Don't try to guess what is going to happen because both sides will be wrong. The market loves to put in oreo cookies after the minutes come out--up candle, down candle, up candle, etc before settling in.
I just sim traded the first signal given by my new method today, net +14 pts
Sim traded second signal given, net +4 pts
So far, new method is giving me decent signals..... not sure how long I'll keep sim trading it though, but liking outcome thus far
So far, new method is giving me decent signals..... not sure how long I'll keep sim trading it though, but liking outcome thus far
Quote from frostengine:
Sim traded second signal given, net +4 pts
So far, new method is giving me decent signals..... not sure how long I'll keep sim trading it though, but liking outcome thus far
See how it gets the confidence back up? Keep doing it though. Fight your urges for a few days and be successful.
4re
man another signal already, kinda uncommon... oh well,just simed 3rd signal, got stopped out net -3
Not bad.. I can live with that kind of trade
Not bad.. I can live with that kind of trade
+12 on another trade... I dont know why all these signals are apearing all of a sudden... at least its keeping me busy, makes me regret not trading in real money today! oh well..... at least i'm getting a feel for how this new method works
Could this be a good time to short? I mean the market has run so hard this morning and with such market changing news comming this afternoon, makes me think that after the release the market will reverse at least momentarily, enough to catch a pretty nice gain.... I know it can go higher as well, but anything short of saying hey we done raising rates, has to cause the market to pull back at least some from this level.......
Thoughts? I probalbly wont play this, but I'm very tempted
Thoughts? I probalbly wont play this, but I'm very tempted
Just simmed another entry..... Stoped out for 3 pt loss... thus far i think I'm liking this method, cant say much considering its been in such a strong uptrend....... curious to see how this method handles the choppiness this afternoon with fed
Trying to guess market reaction after the a Fed decision is a great way to lose money. Everybody and their brother has priced in a 25 basis point increase. It's the language these days that has become the more important consideration.
There are a lot of folks out there who think another rate hike is coming in August. If the Fed hints that this may be the case, I would expect to see a sell off. However, if there's a hint that they may take a breather, you could see buyers step in.
The point is that we don't know what will happen so trying to guess is likely to cost you money, not make it.
There are a lot of folks out there who think another rate hike is coming in August. If the Fed hints that this may be the case, I would expect to see a sell off. However, if there's a hint that they may take a breather, you could see buyers step in.
The point is that we don't know what will happen so trying to guess is likely to cost you money, not make it.