ES/NQ day trades

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august 9
- medium term trend: down, short term trend: down
- very oversold, bollinger bands exceeded
- CBOE put/call RATIO at record high level!
- action similar to march 04 and may 04
higher probability trade:
going long ES for a small oversold bounce

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ES august9

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august9 result:

target missed just for half a point.
but trade closed for a profit.

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august 10, fed trade

medium term: short
short term: short (oversold)
intraday: indecision, very narrow range, low volume, weak bounce
mood: oil price still rising, and waiting for the fed...
higher probability trade: long or short, simply follow the market reaction to the fed announcemente after 14.15 ET.

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deleted

i deleted my overnight short setup.
i've got a "long breakout" feeling, so i don't want to go against my intuition...
and all those candlestick crosses with higher lows in most of the major indeces, + the oversold, + the fed...

in doubt stay out

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