Broad amounts of mortgage and manufacturing data will be peppered into trading day in early session. The crowd of VWAP lines between 13077 and 13055 increase in number. Which way next?
Rode it down all day. Hedged but doubled short here and there to help cover hedge. Lucky, went fishing before the , close and saved $ from the melt up. Some days are good…
My unique situation, which I will post shortly with the new post, was I almost always have to cut off trading by about 1115 EDT as other things impact my schedule, now that VXN is calming down, I could probably do other things and trade hourly to targets and wait until the volume spikes end to trade down. I picked up a small profit yesterday as we didn't see the downdraft until after 1100 AM, but it DID happen. I am working on some techniques to limit risk and let it ride as long as the targets are reasonable enough to hit (which yesterday's were once the selling escalated.
Rode it down all day. Hedged but doubled short here and there to help cover hedge. Lucky, went fishing before the , close and saved $ from the melt up. Some days are good…
My unique situation, which I will post shortly with the new post, was I almost always have to cut off trading by about 1115 EDT as other things impact my schedule, now that VXN is calming down, I could probably do other things and trade hourly to targets and wait until the volume spikes end to trade down. I picked up a small profit yesterday as we didn't see the downdraft until after 1100 AM, but it DID happen. I am working on some techniques to limit risk and let it ride as long as the targets are reasonable enough to hit (which yesterday's were once the selling escalated.