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05/02/2018 Market Recap
05/02/2018 Market Recap
I'm confused so now guess it's a measured move down but be ready I completely change the tone tomorrow. Confusion is typical when market is in a range.
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Re: 05/02/2018 Market Recap
The day trade today.
Well, it's FOMC day, so no trade.
I realized the range low here (viewtopic.php?f=2&t=2856&p=253511#p253511). Again, the risk reward ratio of buying here was not very good, so should wait for a pullback first before consider buying.
After a little pullback which was perfect for bulls with "intention", it indeed moved toward the range high before the roller coaster show (viewtopic.php?f=2&t=2856&p=253531#p253531).
I was playing game during the roller coaster show, so no update for awhile. It's getting bored and bored nowadays on FOMC day as FED is now very predictable.
Spotted a L1 short here (viewtopic.php?f=2&t=2856&p=253556#p253556).
The short was very profitable, too bad I don't trade near the close.
Well, it's FOMC day, so no trade.
I realized the range low here (viewtopic.php?f=2&t=2856&p=253511#p253511). Again, the risk reward ratio of buying here was not very good, so should wait for a pullback first before consider buying.
After a little pullback which was perfect for bulls with "intention", it indeed moved toward the range high before the roller coaster show (viewtopic.php?f=2&t=2856&p=253531#p253531).
I was playing game during the roller coaster show, so no update for awhile. It's getting bored and bored nowadays on FOMC day as FED is now very predictable.
Spotted a L1 short here (viewtopic.php?f=2&t=2856&p=253556#p253556).
The short was very profitable, too bad I don't trade near the close.
Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.