20140822
Short 2 TF 1153.7, 1154.1, -0.0, +0.9
Long 1 YM 16995, +25
Short 1 TF 1153.6, -0.2
Short 2 NQ 4048.5, 4048.5, +2.0, +5.0
Short 2 TF 1175.4, 1157.4, -0.7, -0.7
Short 4 TF 1158.6, 1158.6, 1158.5, 1158.3, +0.7, +0.7, +0.7, +1.0
Long 2 TF 1156.1, 1156.3, +1.3, +0.5
ToTal YM +25
Total NQ +7.0
Total TF +4.2
We dont' trade the news. We trade structure and volatility, when those aspects fulfill certain technical qualifications. Yellen may speak. She may shout. She may even yell. But we don't care as traders what she says. We are, however, grateful for the injection of adrenaline she and other Fed Chairman bring to the markets. That it is said by journalists that her news causes the markets to move does not, in fact, change the way the market fulfills the rules to its own internal structuring. That, she cannot change ever. Create a Trade Plan around these market models. Trade the models, not the news. This is our discipline. ....and a good weekend to all.
