Yes FED look stupid. Rally lasted less than half an hour. I wonder if the S&P falls another 50 points today, whether they'll cut again. Reminiscent of Norman Lamont in 1992, in the UK
Haha, it's great when I'm right, not when I'm not... It was at a Drummond faraway resistance level on my 4hr bar. The actual number was 209.11 but I didn't want to wait for it. I should have, but oh well. In this environment those levels are good to go with and I've learned not to fight them. That being said, I was scared with every tick LOL.
Big Boost up in the equity markets. As we approach the 210 level. I just dont feel comfortable in going long. So I'll just wait until the euphoria of the rate cut and the plunge protection team have run out of money and will then re-short. Again that might be the 211.50-212 level, which we may get tomorrow.
I was feeling frisky and bought (just 1 lot) when 208 got breached and sold when price reached the 8:25 spike. Seemed like a no brainer. I was long GU and in profit since last night so I took a calculated risk and I worked out. Currently flat.
I went short at 207.4 this morning. I didnt have time to post until now. So st on BE and target 202. 205 will be blown away today. Yen strong across the board.
207 looked real good. Sold @ 206.93. It played out like most of the sell stops from the run up were at 208.50. Probably a few at 207 by those who were asleep at the wheel but they got cleared out pretty quickly. I'm manual on GY for now. I don't like having the ATS live during times like this and major news like NFP. Still running ATS on GU.
Short term resistance of 206.5 held. Should have stuck to my original plan of covering if 205 didn't hold.