true on that, and mostly the case on FOMC days. Gold
dumped hard on that first, has bounced back but at the moment it's
bounced back to resistance, former support, we'll see what it does
here - gold was a low risk short on that bounce back to former
support
and we'll see how the market reacts after the open, ES has
barely bounced off its lows
remember I took off that second ES contract yesterday, good
thing now in hindsight, so there's only 1 open MES contract, very
very small position for those mean reversion systems
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I was thinking the same
mean reversion systems update - open ES trend/pullback may exit
Posted by icecoldjones on 10th of Apr 2024 at 08:45 am
I was thinking the same exact thing as I wonder if this will bounce back to even by lunch time. I hope it holds...
1st move is emotional -
Posted by DigiNomad on 10th of Apr 2024 at 08:49 am
1st move is emotional - oh no, inflation! 2nd move is typically more rational and could be...oh nice...inflation!
true on that, and mostly
Posted by matt on 10th of Apr 2024 at 08:56 am
true on that, and mostly the case on FOMC days. Gold dumped hard on that first, has bounced back but at the moment it's bounced back to resistance, former support, we'll see what it does here - gold was a low risk short on that bounce back to former support
and we'll see how the market reacts after the open, ES has barely bounced off its lows
remember I took off that
Posted by matt on 10th of Apr 2024 at 08:46 am
remember I took off that second ES contract yesterday, good thing now in hindsight, so there's only 1 open MES contract, very very small position for those mean reversion systems