If you were in the market last night you knew something off kilter was happening. By all rights this was supposed to short. It never completed even the most basic short targets. This is based on my personal trading market view that the market works in ordered cycles, which can be postponed ,but never completely altered. when one break it is due to intervention.
Information got into the market about what was going to happen(early) I suspect and and forced the market up, while those in the know were building longs fighting the short market cycle, in anticipation and ripped it right out of it.
Nothing about this move was natural for the market. If you are still in doubt. a 250 pip 1min candle is not normal.
I said I would be shocked if my short didn't complete and I am. Thank you FOMC.
I am now looking to trade a swift correction. Looking. as I am now overall long until 3650 and from there... after this.. potentially as far as 141 with all the normal dips and turns along the way it will not be a straight shot.
Building more longs and scalping short.
Sidenote -this is criminal what the Fed is doing. It appears to be a grand pump and dump. Started in 2001 ish. This will end poorly.
TK
Information got into the market about what was going to happen(early) I suspect and and forced the market up, while those in the know were building longs fighting the short market cycle, in anticipation and ripped it right out of it.
Nothing about this move was natural for the market. If you are still in doubt. a 250 pip 1min candle is not normal.
I said I would be shocked if my short didn't complete and I am. Thank you FOMC.
I am now looking to trade a swift correction. Looking. as I am now overall long until 3650 and from there... after this.. potentially as far as 141 with all the normal dips and turns along the way it will not be a straight shot.
Building more longs and scalping short.
Sidenote -this is criminal what the Fed is doing. It appears to be a grand pump and dump. Started in 2001 ish. This will end poorly.
TK