Tuesday, May 03, 2005

Fed

Before I went to lunch I was long at 116250 due to the stochs cross and a ma resistance line. The market was a little weak but still at breakeven before I left so I followed my rules and took the trade off. The Fed just announce and as usual the market goes in sane up and down. It would have stopped me out at a loss for sure. That is two trades today that instead of being stopped out I took them off as soon as the dynamics changed and saved myself from being underwater. As far as the rest of the day is concerned I have no idea where it's going but rest assured I will be cautious. I'm learning. HEY ROCKSTAR! I'M LEARNING!!!!!!!!

Trader X

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