Wednesday, December 18, 2013

ES 12/18/13 +3.00

Didn't trade all morning and didn't dare trade immediately before, during and after the FOMC data/statement @2 PM. Scary to see prices rise and fall 10+ points in a matter of minutes. After the dust has settled, I did 3 trades. Surprisingly, 2 of them were to the short side. This was playing with fire. I shouldn't have taken any short trades in a fast moving up market like today. I was too concentrated on a certain section of the chart. Went for the first short setup that presented itself. Should have realized that, after the FOMC data/statement, the overall market was very bullish. No countertrend trades!

E-mini S&P 500 Futures chart for Wednesday 12/18/13
ES chart 12/18/13

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