nevermind. Was looking at wrong time frame. DOn't trade Dax. Used it as a quick reference for this move down
holding it as per the FED system lol (not sure if you were logging into the thread much here when I started this experiment. Didn't see you about.) I've built up a buffer of nearly 30 ES points per day on average for the last month or so, all trades posted here in real time. Small stakes of course. I'm a piker (i've been buying all dips and all breakouts since i realised what I think was happening) If the market crashes to 2750 or so, i'll be about break-even on the whole thing and i'll close and call it 'nothing lost'. I'm assuming there's basically zero chance the Fed will allow that, so we'll see what happens i guess. Long and holding. Will add on any big adverse move
nice situation. A very very unlikely event (the fed allowing the market to take a big hit) will only be a breakeven trade for you. More than likely, we they just keep pushing us up and up, and you make more
My best bet for today is that we'll hold above yesterday's LOD, so I'll be stalking long entries if we can hold above 93,50 or 3200. My crystal ball is however fuzzy with regards to the upside. 3250 is not unlikely today. That's only 0,58 % net change. Could be an inside day, too. Scratch all that if we break below 90 or so. Got some juicy targets (gaps) below for a sell. EDIT: Might retrace as low as 90 and still have a long bias for the day, I think.