What's up good people?
What a crazy day. I had been quietly accumulating longs since last Thursday, ranging from 9975 to 9875 as it was dropping. Was in drawdown the entire week. Had the chance to get out at 9954 or so the other day, but my target was parity. Anyway, I'm not a seer or anything but my gut told me we would see a huge spike higher today, regardless of the number. That's what happened and my positions started turning profitable.
Then I went on Twitter and saw a tweet by ICT where he suggested a trap was being laid for the bulls. Price was around 9945 at the time. I said to myself to forget parity and just get out now, so I did at 9949. At the time I had MT4 open and was *thinking* of setting my TP to 9960...the thought only lasted half a second, then I just clicked the X buttons and closed out the positions. 3/4 were profitable. Ten seconds later the price was at 9964 and I said whatever.
I was actually keeping an eye on the buyside liquidity levels as it was going up after the rate announcement, and the idea of a trap was in the back of my mind...but I was fixated on parity. I'm glad I read ICT's tweet today, or I'd be very pissed off right now.
Playing around on FOMC days is not wise. I shouldn't have done it, even though I came out looking good. It's just too damn risky. You gotta keep your finger on the exit button...or fuck around and find out what happens if you get greedy.
What a crazy day. I had been quietly accumulating longs since last Thursday, ranging from 9975 to 9875 as it was dropping. Was in drawdown the entire week. Had the chance to get out at 9954 or so the other day, but my target was parity. Anyway, I'm not a seer or anything but my gut told me we would see a huge spike higher today, regardless of the number. That's what happened and my positions started turning profitable.
Then I went on Twitter and saw a tweet by ICT where he suggested a trap was being laid for the bulls. Price was around 9945 at the time. I said to myself to forget parity and just get out now, so I did at 9949. At the time I had MT4 open and was *thinking* of setting my TP to 9960...the thought only lasted half a second, then I just clicked the X buttons and closed out the positions. 3/4 were profitable. Ten seconds later the price was at 9964 and I said whatever.
I was actually keeping an eye on the buyside liquidity levels as it was going up after the rate announcement, and the idea of a trap was in the back of my mind...but I was fixated on parity. I'm glad I read ICT's tweet today, or I'd be very pissed off right now.
Playing around on FOMC days is not wise. I shouldn't have done it, even though I came out looking good. It's just too damn risky. You gotta keep your finger on the exit button...or fuck around and find out what happens if you get greedy.
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