Who's Trading Ahead of Fed?

5Pillars · Sep 20, 2006

perfect....thank you!

shortswing · Sep 20, 2006

Quote from Don Bright:

Enveloped from 1338 start. Bought at 1336, sold at 1377.75 (sold extra), covered back at 1335. Pretty standard Fed meeting play.

Don

Nice Don.
I'm coming out to see you in early Oct.
Maybe you'll teach me how to trade like that.

Don Bright · Sep 20, 2006

Quote from shortswing:

Nice Don.
I'm coming out to see you in early Oct.
Maybe you'll teach me how to trade like that.

Sure...but "shhh" don't tell anyone else.

Don

BCE · Sep 20, 2006

Quote from Don Bright:

Bought at 1336, sold at 1377.75 (sold extra), covered back at 1335.
Don

42 points X 2. Nice. Ooops! :eek:

e-miNY · Sep 20, 2006

Quote from Don Bright:

Enveloped from 1338 start. Bought at 1336, sold at 1377.75 (sold extra), covered back at 1335. Pretty standard Fed meeting play.

Don

What do u mean by envelop Don? Can u eleborate a little bit the details of the setup.

I thought u dont trade futures.

tradertony76 · Sep 20, 2006

Quote from Don Bright:

Enveloped from 1338 start.

Could you explain what you mean by this ?

Thanks,
-T

5Pillars · Sep 20, 2006

Quote from e-miNY:

What do u mean by envelop Don? Can u eleborate a little bit the details of the setup.

I thought u dont trade futures.

Think about it......to "surround" something......bracket or envelope price with "stop-limits" for entry. Let price decide which side gets filled (LONG or SHORT).

One more trade to finish out the close of day, I have a decent set-up of "delta" divergence here ..............

http://www.charthub.com/images/2006/09/20/ES_317_VB_3.png

5Pillars · Sep 20, 2006

Well 2/3'rds fill at +1 point and last 1/3'rd out at B/E.

Pretty flat fed day imo. I was hoping for a good move out of this range, any direction up or down. Here we are sitting at stinking 1336.00 again....LOL!