Learn to Swim

Fed day today. Caution.

I'm just not on my game. I watched a short and a long go without me. Could be the only clean moves until after the fed rate. Probably a good time to not trade because I will be back on my game another day.

Back at it. Waiting for the open. Pre market data did not do much.

Ok I took a loss on trade 1. Second trade was a longer target that made up my loss and got my daily target. Minus 10 points plus 20 for 10.

Got rid of my post fomc nerves. lol

shaded areas are fvg

Bulls holding the 8 ema so far. Clear reversal from the low, higher low and new high. Be careful.


We will see if they trap. I don't know if the bears are strong enough.

If you look at ES daily, the gap fill is a needle and usually those are filled in on gap fills. I don't trust it too much.

Should be some trump tweets because he has a phone call with Xi. Price is chopping in the all time high area. Anything can happen. The 4hr chart of NQ looks crazy.

The 4hr could still wick down on open. I would not be surprised. I will watch the open of the next 4hr candle as well.

Op Ex

Quad witching. We could be choppy.

That closing 4hr bar did not do what I expected. Little bull flags on the 1 min since open.

I'm flat today. As soon as I get a short term signal price slaps the other way. lol
I'll wait until next week. If I'm not reading it right, if I am distracted I'm not going to risk it. I don't want to have a red day going into the weekend.

I see some bored traders checking in. Feel free to ask me anything. I have been here a long time, started with forex and switched over to futures. I used to swing and trade daily and even had a nice weekly strategy. I can't do that with futures so I'm a scalper. I shoot for 5, 10, 20 points depending on ATR and volatility.

Have a great weekend everyone.

Good morning. Fed speaks during the day.

NQ was grinding up all day. It kept looking like a sell but it would shoot back up. Vertical distribution. I couldn't follow the rhythm so I stayed out. We have pmi data today.

Looks like a downward accumulation. Like yesterday but not as strong and to the downside.

Messy day for me. Finally got my target.

No news today. Let's see what the market does. Yesterday was a failed P shape I believe. Trapped buyers squeezed out. The big players are still in, not the tiny fish. Let's see if we continue to pull back or is this going to chop more....