JOURNAL ENTRY 5 FOMC NAS100 TRADE BREAK. READING THE TAPE
this trade taugh me how to look beyond the noise.
-fomc isnt easy to trade
-nas gave us a beautiful judas swing
1. it first gave us a bullish run attacking the highs from 10 am
2.then quickly turned and and cleared SSL of consolidation of 12-1:30
- DURING THE RUN ON ssl was purged it ALSO mitigated the gap from 6:40 am. {5min chart}
i would have missed some of these anotations for sure.
im still learning so it was great to go back and watch price behavior during news.
evrytime i do these recordings i get better.
these markets will become my atm machine one day.
I KNOW THAT FOR SURE
-fomc isnt easy to trade
-nas gave us a beautiful judas swing
1. it first gave us a bullish run attacking the highs from 10 am
2.then quickly turned and and cleared SSL of consolidation of 12-1:30
- DURING THE RUN ON ssl was purged it ALSO mitigated the gap from 6:40 am. {5min chart}
i would have missed some of these anotations for sure.
im still learning so it was great to go back and watch price behavior during news.
evrytime i do these recordings i get better.
these markets will become my atm machine one day.
I KNOW THAT FOR SURE