I’m wondering if it will be that dramatic. Don’t think it will even trade above 2680. Just downhill from here.
Nothing that the Fed has to say is going to loosen monetary policy in the near or long-term. Getting 'goosed up pretty high' by a conveniently placed statement would be a sucker play for people gambling in the market and dip buyers.
G'morning ES traders. Nothing for me yet. Will have to see what T&S looks like if we get a pullback to 2670 or so.
L 64.00 ps 59.75 PS changed to 64.25 so L 64.75 ps 59.75 added 63.75 added61.50 added 60.75 very decent size loss, but followed my rules perfectly and all that matters, the loss is just an outcome of one of thousands of signals, and averaging down to many is a bad way to trade, but when I back test all the signals going back fifteen years on tick data and have over 200k signals and ave down shows very steady results for me with min drawdown, would be dumb of me not continue. For those who are just starting in trading, I do not recommend ave down. What some can gain from multiple losses is very strong trend when couple divergences don't work, shows to stop taking them. The important thing to remember the goal is not concept of making tons of money but to trade as your system tells you to do and outcomes is the money.