What did you Learn Trading the ES today?

Discussion in 'Index Futures' started by MACD, Sep 18, 2019.

  1. MACD

    MACD

    Before today's Fed announcement (Wednesday 9-18-2019) and after what did you learn?

    upload_2019-9-18_11-34-23.png
     
  2. MACD

    MACD

    Later (1.5 hours after fed)

    upload_2019-9-18_12-21-32.png
     
  3. wrbtrader

    wrbtrader

    Don't get married to the small time frame...keep an eye on the larger time frame too...

    Today's price action gave a nice reminder about such via the 15min chart time frame.

    wrbtrader
     
    CharlesS and MACD like this.
  4. MACD

    MACD

    Bravo
    Agreed
    Doubt others here know anything about what you just posted
    Thanks @wrbtrader
     
  5. I thought it would go down more than it did. I exited short during Powell presser as I knew in advance a cycle low was near. I'm not going long. Waiting for next cycle high to go short. High due around Sep 24.

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    MACD likes this.
  6. imjohn

    imjohn

    I traded 935-1330 EST. On Fed days I log off at 1330.

    Only one valid signal today (per my plan), which triggered around 1030 EST and eventually hit target around 1PM. Don't think I learned anything "new", but every trading day is a chance to build or further reinforce good trading habits. (e.g. stick to plan, don't do anything impulsive, etc.)
     
    MACD likes this.
  7. SteveM

    SteveM

    I learned that is becoming increasingly apparent that the FOMC press conference has become more important than the FOMC press release itself.

    At least since Powell has taken over as Fed Chair.
     
  8. MACD

    MACD

    Thanks -- great point.
     
  9. volpri

    volpri

    Nothing.
     
  10. Overnight

    Overnight

    I learned that swing trading is a real pain in the ass, and that Powell should feel lucky the markets are not punishing him more.
     
    #10     Sep 18, 2019