Trading Sep, 18th Fed's rate statement

There is probably a train to catch today, IMO. My concern is further U-turns in the market in the following days...

It's annoying when you have the patience and wait to build a position, things go right and then CRASH, the market turns around and eat you alive...

Can any body say CHA CHING!!


These are the best times to trade. All the big moves are based on so called news. But the nature of the news means little.
Its human nature that we are studying. If people are skeptical, then pos. news might have the opposite effect on the market. And if people are optimistic, then neg. news has little effect.



As described in my last post...first we saw euro$ dip to 1.2838 then a bounce to the 1.4000 level.

I can understand how this messes up intra-day traders. Thats why I only trade the mid term to long term swings.
Also frees up my time to do the things I love.

Golf any one?

Dave

wow, what a day of trading. feels like i ran a marathon LOL. in all my markets i musta made 50 trades!

wont forget this one for a while

When I spotted that 4.75% in the calendar I almost fell off the chair...

It was tricky, though because I had to wait for a pullback (not even knowing if it would come) and wait for my fella broker to ease the 15 pips spread in euro! Took me almost 5 min to find the room to go in.

When the move resumed, I extracted my weekly target in 30 minutes :

One hell of a day... I'm now treating the neck pain I was carrying since yesterday... The waiting was just unbearable ... LOL....

Is that a typo since my data shows todays high 1.41189 as the all-time high.