Click on chart for comments on the ES market trade.This was a very close trade that I was almost able to stay in for the full ride to 907 today. But the market came back to my protective profit stop of 891 after hitting my first profit target of 896.50.
This was one of those days where simply allowing yourself to take what the market was giving and you end in the winner's circle. This week has been a little tougher to trade as we approach year end and less and less trader's in the market.
There was a lot of action today after the release of the FOMC Rate Cut, before that a lot of grinding in the market for the most part. Today the wise decision was to simply take the morning off and await for the FOMC meeting to announce the rate cut decision, and then make your trade based on that information.
Good Trades,
David AKA Tiger
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