What my trading mentor said…
I didn’t get a chance to trade today…
After last nights trade on the Fed result and making a profit, I discussed the methodology with my trading mentor, he said that in usual circumstances, the move is not usually so strong so it’s a strategy which he doesn’t recommend. Oh well, nevermind!
Anyway, I was browsing through Michael Taylor’s blog today, he trades the Emini S&P contract also and he makes it look so easy! His blog sits here: http://www.daytradeemini.com/blog/
Maybe I should subscribe to his system… even his losses for losing trades are small!! Watch this space!