FED ready to do whatever it takes... come September... IE: postpones any possible QE And this would be an excellent time for any day trader to be on the right side of the market
I made this post in the wrong bloody thread! Anyway, worked like a charm again. They were selling it off before the GDP - GDP came out and we dropped, and then Bernake spoke and we crashed! I need to incorporate it into my method more. It always works. Lots of people who are privvy to inside information know what the reaction to various news will be, and you can tekk by the price action leading to the news which way it'll go after its released!
whatever he said it saved my ass...hopefully it will cause a continued rout for rest of day as i am short.
Ok, bidding 40 for a new long adding 35 stop 24. Pretty much risking my entire profit for the day if this new long gets filled and stopped.