ONE Simple Trade For One Complex Market
Edge Levels (ESM4): 4968, 4991, 5010, 5028, 5045-50, 5055, 5073-77, 5082, 5090, 5103, 5126, 5136, 5154, 5165
You can access the MGI document HERE for the latest Edge Levels and insights.
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One trade (zone) for RTH 5/02/2024:
Yesterday was a great personal reminder of why I don’t trade FOMC, with both short trades losing before the sellers arrived.
Fortunately, trading decisions the day after FOMC are duck soup1.
Because I only ever play it one way:
Trading in the direction of the 30-second Opening Range (OR). This is the one day I use this strategy more or less exclusively because it works pretty well, for whatever reason. I’ll be long above the OR High and short below the OR Low. Level-to-level mindset, as always.
I hope to see you on the livestream trading floor.
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I’ll be on in ten.
Stay classy until then.
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Talk soon,
Mastro
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LEGEND’s phrase of the day. It means “an easy task.”