Wednesday, March 18, 2009

March 18, 2009 Fed Day Trade 3 Long 1 Contract

Hit a home run with 1 puny contract hehe. My strategy was easy, just wait patiently for the Fed to announce, if positive wait for pullback of initial buying spike to some decent support level and fine-tune entry on 233 tick chart. I made +10 ES points and risked only...3. I only went long 1 contract due to risk management. This is my last trade for the day. Chart and analysis follows:
Trade 3 Screenshot