https://www.youtube.com/watch?v=fFi2QEApVGM

Summary:

– Context: Trading a short ahead of the Fed chair’s 10:00 remarks, expecting the speech to create volatile, whipsaw price action and to disrupt apparent trend-line support.
– Key levels referenced: yesterday’s regular trading hours/opening-range gap, the 8:30 low, an “inversion fair value gap,” and an “event horizon” target below those lows. A decisive single-candle break below the 8:30 low was needed to accelerate the move lower.
– Plan and execution: initial stop loss placed above the recent high; position sizing adjusted (adding/removing contracts) and partial profits taken at intermediate levels (around the 8:30 low and event horizon). Stops were trailed down as partials were secured, but not tightened too quickly to avoid Fed-induced whipsaws.
– Market behavior: price showed reluctance to decisively break lower, produced wicks and retracements, and briefly hit/failed target levels—leading to partial fills and a stop-out on remaining size.
– Practical lessons: in Fed-driven, choppy conditions don’t “strangle” positions—give trades room, manage risk with partials and trailing stops, accept being stopped out sometimes, and build confidence through repeated experience. Avoid overreacting to noise and don’t rely on replaying the market.