Wednesday, July 31, 2013

T.J. 7-31-13 Fed Day

The GDP came out better than expected this AM to an adjusted 1.7%. I am not sure if it's using the new method of GDP calculation. Previous quarter was adjusted lower to 1%. After Fed statement the market pushed down, up and down to the hourly trend lines. It closed at yesterday's HVA and basically no break in either direction. The up trend is still intact. I had 2 scalp puts and 1 long for 2 days. I will win both side if ES don't break 1710 or 1645 by end of Friday.

I missed the entries of  ZC and QM long both of them didn't pull back to my levels.

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