Monday, October 29, 2007
Waiting for the Fed
Quiet day today waiting for the Fed. NQ was up overnight and made a big new high, 2230.25, then went down and tested the daily pivot (2205.25) low was 2204.25 then meandered higher. Treasuries flattened. Apparently there were curve unwinds in front of the Fed and some month end maturity extensions. USZ closed up 5 while FV was down 2.5. I made just a little bit $$ scalping NQ. Sold a breakdown and made an instant 2 ticks. I need to trade more - even if I lose money I am not learning anything by making 2 trades all day.
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