time to be v cautious ahead of fed meet tonite, page-52

Remember 23rd of September is a seasonal turn date so be interesting to see what happens tonight.

I heard a great analogy/story yesterday from a very seasoned trader and good friend who was at a conference where they asked the most experienced trader to stand up and look over a chart. The instructor said explain where this chart is going...The man proceeded to give an in depth analysis as to where it was going and why...after this speech the instructor held up his pen and said thats great but remember you aren't the one holding the pen.

Just goes to show you can be one smart cookie but you never really know where the market will go. We don't draw the chart just interpret it and manage your risk as best possible.

Happy trading everyone :)