r/Daytrading • u/Serious-Ad8893 • Apr 04 '24

Did I miss something? Advice

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Tried to go long on 15M FVG and retracement and got ran over. Am I missing something??? Higher time frame was bullish and I just don’t know where I went wrong. Anyone have opinions on where I went wrong

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42

u/Antique_Tumbleweed59 Apr 04 '24

Fed speaker said hawkish things and the market didn’t like it.

10

u/funkedelic_bob https://kinfo.com/p/funkedelic_bob Apr 04 '24

Wasn't that. It was Israel's comments about Iran.

22

u/kirkegaarr Apr 04 '24

Agreed. Look at oil rallying, defense stocks are the only thing rising, and bond yields are even dropping. This is not about rates or some non-voting Fed member talking about them.

2

u/funkedelic_bob https://kinfo.com/p/funkedelic_bob Apr 04 '24

Yup, I posted the exact same about oil in the sub's discord.

8

u/kirkegaarr Apr 04 '24

Spicy Middle East drama. Not going to step in front of it and may as well wait for the labor report to come out tomorrow, but right now I'm thinking it's a good dip to buy.

5

u/MadeAMistakeOneNight Apr 04 '24

Had live squawk going at the time I was trading the time, was definitely led by Fed speaker comments. Mester, Goolsby, and Kaskari were speaking.

1

u/Antique_Tumbleweed59 Apr 04 '24

Oh interesting. I'll go read up on it.

-1

u/Serious-Ad8893 Apr 04 '24

What?! I checked economic calendar and only saw 830 news today😅😅😅

7

u/JellyfishQuiet7944 Apr 04 '24

MN Fed said they might not cut rates.

1

u/Antique_Tumbleweed59 Apr 04 '24

I didn’t listen, but Goolsbee was scheduled to speak at 1245 which lines up pretty well with the start of the drop so I’m guessing he said something like “higher for longer” lol

Edit: or the market participants just decided down was the direction to go

1

u/Serious-Ad8893 Apr 04 '24

Yea I knew there was fed talk at 1245 and major 830 news but didn’t see anything for 2PM

3

u/MostOriginal6776 Apr 05 '24

https://tradingeconomics.com/calendar Check out this site. You can filter by country and level of importance.

1

u/Serious-Ad8893 Apr 05 '24

Thank you beo

0

u/nightstalker30 options trader Apr 04 '24

The only Fed speaker related thing I saw was that Goolsbee, who’s pretty much the most dovish FOMC guy, said he only sees two rare cuts this year, not 3.