Tuesday, December 14, 2010

Fed day, tues the 14th of dec

I have had good luck trading pre-fed as the market is kind of stable before the announcement, so if you can isolate a few flyers in the morning you can have clear sailing until they put the hammer down. Unfortunately I did not get anything great today mostly because I did not correctly scale out my sells in AMGN and PAY.

 I did not handle this one correctly.
 No setup, trying to be cute, did not get me anywhere, though I really felt it was going to pop...

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