Position trades that were initiated on Monday found their way home today after the FOMC excuse for the selloff.
There were many gyrations and range trades available until the market broke right before the announcement.
It looked like the insiders were already jumping in, as if the smart money knew something.
There is ony one way to play the break: jump in and join the winning team if you weren’t already short.
Now hindsight is everything, but being prepared by knowing the sequential lower (or higher) targets makes life easier for me as a trader.
You never know where the intraday trend will come to an end and reverse, but fading an intraday continuation move before seeing a formation occur is a high risk trade. Now and then the V bounce comes out of nowhere, but trading is about the summation of a number of trades, not just making one lucky guess.
Taking trades in the direction of the primary trend is safer and usually more profitable .
Peel ’em off as the market plunges and you attain the pre-determined lower rungs on the ladder according to the secret code of the Illuminati.
This trader is world renowned as sophisticated and savvy. I offer links like these for you as I believe the serious students who visit this site will want to explore a variety of options and to learn from the very best of the best.