YM E-Mini Dow Future
Updated
2019-09-18 16h30
Action : entering in a Short position
Why : oscillators in overbought conditions with breakdown tendency
Risk : with Fed rate announcement it's always a risk to take a position at the same moment
Action : entering in a Short position
Why : oscillators in overbought conditions with breakdown tendency
Risk : with Fed rate announcement it's always a risk to take a position at the same moment
Note
Correction : short trade was placed at 14h30 instead 16h30...Trade closed: stop reached
Action : our Short trade was closed with a lost by the waiting Sell stop.Resume : this Short trade was executed in regards of the oscillators beginning to retract at overbought region in the below pane.
Conclusion : don't trade the FED during the announcement...
Wyn-Trader
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