Monday Log – Back in the Saddle

I’m back after a week hiatus to Bermuda. I had been considering trading the AM sessions but decided against it and to enjoy the time away from the market and screens. Felt good to get away and recharge the batteries. I continued to think about the market, kept up with the daily close and caught up on some TA reading. Otherwise I had very limited exposure to the market.

Trying to get my rhythm back today and played conservatively. At the open I was waiting for pullback to 907 area with order set for 906.75 but never hit. Looked for TC set-ups after I missed the move down but nothing came until 1445 timeframe and did not like the set-up. Result: No trades.

Expecting a slow day tomorrow as market anticipates FOMC announcement on Wednesday. The Wednesday session, particularly the PM session after 1415 is expected to be volatile. I generally don’t trade during that event and instead meet my trading partners for lunch which is on the schedule.

Trade Well !