You fellas still talking about Minis..where do you see the indexes going ? Employment due out today and the FOMC is about to decide on a rate pause or increase- what effect will this have on the near term ?
Bought 1 lot soon as I got up @4am cst, just sold I suspected the market would rally no matter what the number was. My method said go long so I did.
Dollar is getting whacked, its at a critical level, I dont see how the fed can stop raising rates. They are boxed in a corner, I bet they raise next week, and signal more rate hikes may be necessary. The Equity market has recovered, at it is safe to release their statement. The market is in the drivers seat, had it not recovered over 6 % in the last few weeks the Fed would signal a pause to get the equity market up off the floor. But you never know its an election year and anything can happen, and will.
Dow mini daily chart at resistance sporting a DOJI Star, I would be willing to bet over the weekend you get some sort of good news that is going to gap over this bearish candle . Its just the way the game is played. Sure is scarry looking though.
Nice trading today mimini. I'm guessing you reversed after YM re-opened. If I may ask, what other stocks/indices do you watch?
All you do is watch the YM chart? It looks like you are pretty successful from your posts, so that is pretty amazing that you do it all from one product. Better to be a master of one trade than a jack of many. It looks like you position trade for longer holding times. Are you still planning on posting real time trades on here?