Yesterday afternoon, Fed Chairman Bernanke sent the global markets higher when he announced that US interest rates would remain below 1% through 2014 and that inflation would be held at 2%. The key question for most traders was whether or not this momentum would continue into this morning's session.
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The Live Day Trading Room is open Monday through Friday from 9:15am - 2:00pm ET (New York Time) and is moderated by our Head Coach (Mark Hodge) and Student Trader (Rollie White).
We use all four (4) Rockwell Trading Strategies (2 trend-following, 1 trend-fading, and 1 scalping) to trade 7 futures markets (ES, YM, ZB, ZN, 6E, GC, CL).
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Herman
111 days ago
Hello Rollie, the second trade (ZB) is clear to me and I would take it, but the first one seems to me that the 2 bars pullback sometimes is very risky like this time. I don't feel confortable doing that.