S/R Emini Journal

Status
Not open for further replies.
Quote from DonKee:

I found it, October 15, 1998. Here's a blurb from a news story.

"The US central bank, the Federal Reserve, has surprised the financial markets with another interest rate cut.
In little more than a fortnight it has cut its rates twice, this time by another 0.25% to 5%

Shares shot up afterwards with the Dow Jones jumping by more than 4%, or nearly 330 points."
More...

i`ll never forget that...........they did that to save the system.......LTCM crisis & the Ruble/Bot were in a free fall......i remember being flat at the time & covered a short about 15 min prior............that move put many out of business & never to return to the trading arena.............that was flat out sick & a move unprecedented to this day.
 
Quote from DonKee:

I'd be careful with that thinking.

I was short a bunch of e mini's back around 1997 or 1998 (can't remember exact date), the fed cut interest rates during market hours and the next tick was over 50 points higher.

THAT'S 50 as in FIFTY, not .50.

Of course, this probably won't happen today, but you should NEVER think your maximum loss is your stop.

That was a real eye opener. Anyone else remember that day??????
More...

it think it was during the lunch hour , design to catch trader off guard.
 
trader must always protect money.......the only enemy trader has is the guy in his trading chair....this announcement showed me no new stuff only faster than normal.......wait for next signal is my rule......IMHO
 
hey guys!

i just made 4 points!

woo hoo!

two trades and i'm out....

happy trading to the rest of you. days like today make it look easy. don't want to get too cocky, though, so i'm out.

later, dudes!
 
I asked, and you told me.
Bravisimo Due.
Quote from princessa:

hey guys!

i just made 4 points!

woo hoo!

two trades and i'm out....

happy trading to the rest of you. days like today make it look easy. don't want to get too cocky, though, so i'm out.

later, dudes!
More...
 
Status
Not open for further replies.
Back
Top