Everyone waiting - Closed

 So, after a nice weekend with the Shamrock races, I am back at it today. As has been happening the last days, the market is volatile, and moves lots during the night, so ATR is maxed early in the morning. 

Started to try to get into ZF about 0810hrs, but couldn't get a 12-tick fill. So, went for a 4-tick reversal, even though I haven't had much luck with them.

At 0830, Sld 1 x ZF @109'025. Twenty tick stop ($156). Target was 40 ticks, but will move if necessary.


So of course, Canada tries to screw me up. Although the only US announcement upcoming was at 1000 (and Ms Yellen as well), Canada announced its CPI numbers and they were good. So, US bond prices rose. Came within 1 tick of my stop, then turned back down. But all was very slow. 

Numbers were upcoming at 1000hrs, and price was slowly making a new low, so decided to take the profit I had and wait out the numbers.

At 0949hrs, Bot 1x ZF @109'000. Not much of a profit, but not a loss.


Did I get out too fast? Maybe. But, I did follow my rules of upcoming numbers, so it is great I followed my plan. Did prices go lower? A bit. I would have been up to $100 profit, but as I type this, prices are now back up to my entry point. So, if I had moved my stop to BE, I would have been stopped out with no profit. 


Can I go broke taking profits like this? Yes. Is this good for my confidence? Probably a bit. However, I really don't want to get married to any trade before the Fed. I don't think there will be any way of having enough cushion for the range of number that will be upcoming. So, any other trades today or tomorrow morning (if they happen) will be day trades. After the Fed, I will try to get in some longer-term positions.


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