At the moment, Dec finished out neutral, we started this area, finished same. Everything worked as planned, confusion.
Monday price was acting like no rate hike.
Tuesday drama escalated price to rate hike.
Wed/Thur= dead money
Thursday 2pm, I was on a SIM account, went long felt good. As posted before, didn't believe a rate hike was going to happen.
IMF told Yellen March 2016,
Yellen wasn't at Jackson Hole,
Yellen worried about Europe.
Friday, FED and Treasury are in total stress mode.
What to look forward too, Sept 30th. Raise the debt ceiling or not? WSJ may give the clues needed for trade.
I did the A-B-C pattern on Sunday for the daily chart.
.618 = 160-13
9/23/15, I'm so pissed, missed a 20-30 tick move.
One of my rules are ECB or FOMC speaking, don't trade.
Draghi was speaking, watched FED push down price. 500+ on offer.
FED was buying at 155= 600 contracts....154-28= 500 contracts....154-25= 500 contracts(FED was bidding up, possible suckers bet)...FED again bidding 154-18 = 500 contracts.
Daily chart showing 3 green bars. Price above 50EMA...10/20EMA about to cross up. Overnight Hi= 156-8.....Low= 154-31
1st 15min range 155-15.....155-2
3X1 = 154-26
7X5 = 154-15
Going short is not allowed.
Note: Lockhart is about to speak at 12:30pm EST....known for talking about rate hikes...bad for ZB.
Leaving...come back, maybe on Friday.
Last edited by javajoe; September 23rd, 2015 at 12:39 PM.
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