My broker system doesn't allow me to go short after Powell left. What's up with that? Probably temporary spike in margin requirements, which I have plenty. Anyway, net positive today, can't chase every penny.
One of those days where my ST stuff is completely over-ridden by the weekly. Handled some stuff OK given what happened but definitely should have been more focused on the weekly perspective to take advantage of the situation. @Laissez Faire -- seasonality during bear markets vs bull markets!
I'm not sure if today could have been solved by better analysis. Holding a position into FOMC today would be extremely risky regardless of direction. This was known in advance. Which is why I this morning said that the sensible thing would be to close out all longs pre-release and re-initiate after the dust had settled.
TD Sell Sequential13 (aggressive count H to H comparison instead of C to H) which I have been using more and more lately in combination with standard one - which in this case didn't signal:-
During the Fed hour, I traded market orders by color, no ticks no stop losses. Once it swings, exit immediately, less than 1 minutes hold.
Maybe better utilization and implementation of the analysis. Kinda tried to get a little too cute playing a ST buy set-up within a bigger picture weekly sell framework.
Interesting day as I'm checking in here and reviewing. I like the look of this pullback and I would expect us to level out here and continue the upward momentum toward 4000 and perhaps 4100. It may not occur, but I stay with the method I use. --Staying long for now.