This trade was nothing more than a fakeout to the downside that works better than it should have. I must note that this trade is very dangerous and the fact that it worked well gives credence to the idea that sometime you just need to be a little right but a lot of luck.
-Once JP started talking that is when we usually see large reversals in the price action of hike days or just fed meeting days so he started talking and I started looking for longs. We had a nice bottom wick that we untested to the downside. That means that the wick formed and we immediately found buyers instead of breaking slowly to new lows. When this happens there is more likelihood of reversal or even just a scalp reversal move. I saw us spike then we went back down to test a higher low, I jumped in, was green immediately, sold for 17 point trade. This was my biggest futures trade by far. 17 points is nothing short of spectacular.
Sometimes you only need to be a little right but a lot of luck and that somewhat happened to me yesterday.