Friday, December 20, 2013

Futures Trade 12/18/13

Here is a look at a futures trade on the /ES that I did this week. I caught a nice move after the Fed announcement. Very tricky to trade as it headed in sharply downward minutes after the announcement. Buyers immediately stepped in and pushed the SPX higher. I waited until the second 5min candle I got confirmation of the upward direction before I stepped in. I could have gotten in earlier but I feared a choppy reversal. This worked out for a nice 64 tick move. I set my target for 1800, which it continued on about 4 more pts. I'll never get it all but am learning to be happy with most of it.

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