Powell speaks - Closed

 Today's goal is to take any setup that comes.

Didn't do any ORB trade, as the r/r was too low (range of 5 ticks).

Have been trying to get into the market since 0900 this AM. Price finally closed below the cloud on the 10M chart, so put in entry for 8-tick reversal. Although entry was in the cloud, that was OK. 


As I still wasn't filled close to 1000hrs, hoped that price would spike up and get me in before Powell's remarks, but prices plunged at 1000hrs. Kept moving 8-tick entry down. Four-tick haven't been working, so kept with 8-tick entry. 16-tick may have ben better, but will see. Not sure if price will go there. 

Filled 1013hrs at 110'275. We will see if the stop holds.

 


Price came up and stopped me out for a loss of 1R. Good trade though. Happy I took it. Followed my rules. I never know if price will come back that far. I will wait a few minutes and se where the setup leads me.



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