S/R Emini Journal

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Greetings,

Sorry if a little of topic but to relate,had a meager but profitable 15 pts on the YM before the FOMC,closed trade and watched the chart only,could not tell what they did by the action,but shorted 11290,with a 11305 stop since it backed down from 300 quick.
Sure enough it rebounded to 307,took me out and proceeded to drop 100+.Now that takes skill.

cordially Tom
 
Quote from Thom64:

Greetings,

Sorry if a little of topic but to relate,had a meager but profitable 15 pts on the YM before the FOMC,closed trade and watched the chart only,could not tell what they did by the action,but shorted 11290,with a 11305 stop since it backed down from 300 quick.
Sure enough it rebounded to 307,took me out and proceeded to drop 100+.Now that takes skill.

cordially Tom
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Skill indeed, you almost got the exact top. Backwards, but you got it. Hope you didn't lose much.
 
Quote from JimmyJam:

With those numbers I hop you're trading the overngiht session.

My vote is for more Up/Down.

See ya mananana.

JJ
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I would like either/or but not both up and down.
 
I don't like being long above gaps, but I covered my short. If we can get to 1284 on ES then there will be a head and shoulder pattern which should be a good short.
 
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