SPX Sell 12WMA Short

FX:SPX5001D

S&P 500 index of US listed sharesFXCM

Description

⋅ Nov 7, 2013 10:37 PM

SPX, sell pullbacks to the 12 weighted moving average.

Comments

fxtrader66

⋅ Nov 9, 2013 10:45 AM

Was wrong on this call or premature, next week will be telling on the direction of the markets.

sunny

⋅ Nov 9, 2013 5:50 PM

yep. I was buying at the bottom after NFP and reversed at 1761. I think it can go higher next week.

fxtrader66

⋅ Nov 9, 2013 6:55 PM

I followed 10 am NY money, plus it was a big POMO day, did not even think about going short up at the 12 wma. If next week we see a 3 of a 3, could turn into a nice swing trade!

sunny

⋅ Nov 10, 2013 2:49 AM

how do you find out if it is going to be a pomo day? thanks

fxtrader66

⋅ Nov 10, 2013 6:09 AM

The NY FED posts it every month on their website. Here's the link for November. newyorkfed.org/markets/tot_operation_schedule.html

sunny

⋅ Nov 8, 2013 12:16 PM

will do! I was selling after the ECB rate cut but couldn't hold on for more than 10 pts at a time :(