Jared Nash
Sep 21, 23
TRADING BLOG EP. 77 - BEAUTIFUL SHORT POSITION
Yesterday was the Federal Funds Rate announcement & FOMC press conference. I never trades days like that because they are often times slow leading up to the news release, and then things go crazy when the news drops. But, the bearish sentiment stays in the markets for the days after. Today I got short & it was an extremely clean setup.
I got short off of an old RTH VAH. This level also lined up with an old Weekly POC. At the market open, sellers quickly responded & rejected to these higher prices & began to search for lower value. I got short & took the market to the low of the day where I closed the entire position just so I could lock in some profits & be done for the day.
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