FOMC journal

Discussion in 'Journals' started by promagma, Aug 4, 2008.

  1. promagma

    promagma

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    Small gain trading the DOW
    If I was trading S&P, it would have been a loser
    Hmmm.....
     
    #21     Jun 26, 2009
  2. promagma

    promagma

    I am long.

    I forgot to post, but the futures haven't moved much.
     
    #22     Aug 11, 2009
  3. promagma

    promagma

    [​IMG]

    A good one this time, 100 points on the Dow
     
    #23     Aug 17, 2009
  4. promagma

    promagma

    No trade today because the signal is ambiguous!
     
    #24     Sep 22, 2009
  5. promagma

    promagma

    Short!
     
    #25     Nov 3, 2009
  6. wutang

    wutang

    Are these purely technical based signals or do they incorporate common sense, fundamentals, etc? I ask because from a common sense point of view I'd say things could go either way. They could have positive things to say but not do anything about interest rates in which case the market will move up or they could have positive things to say and hint at raising interest rates and the dollar could blast off killing the ES. Based on other economic information from the week I can't see them saying anything substantially negative. So this seems like a 50/50 situation. If I wanted to guess and gamble though I'd probably gamble long, not short. But most likely I'd stand aside this one.
     
    #26     Nov 3, 2009
  7. promagma

    promagma

    It is pure mathematical wizardry, trying to calculate the path of least resistance. I have a dream of placing one gutsy trade around FOMC day and cashing in big.

    Unfortunately, it is looking pretty useless:

    [​IMG]
     
    #27     Nov 5, 2009