Bros before Macros

[Timmy Picklez]

Closed out my NQ 13085 short @ 13193 (small loss) before noon. It was a bad entry that got away from me last Wednesday, so I'm happy to close out with a small loss ahead of JPow tomorrow. You do not going into FOMC days with an explosive position (like futures).

I went long at 137 and closed out at 158 for some lunch money. I was playing a run back to VWAP (216). As I'm posting this, it almost went to it, currently at 200. This is one of my favorite trades on the chart. When it's way away from VWAP for the day - like it was today - there's a very high probability it will run back to at least test VWAP - even if it gets faded after tagging it.

VIX woke up from its coma at 15.50 to hit almost 20 today. On its way back down - now at 17.5. No fear in this market.....

I'm still holding my AAPL Aug 170p - and have no plans to let them go.

By the time I finished writing this, NQ went ahead and broke VWAP. Now let's see if it keeps going or gets faded. I don't see any further trades for today. Will probably just watch from the cheap seats. If I were guessing, I'd say we're back around 150 by EOD.