The so-called rABC trade shows excellent potential to turn a profit on otherwise dull days. This particular day was as dull as they come, with stocks in a dirge as the trading world’s lunatic fringe awaited an announcement from the Fed. Even so, there was enough price movement in the E-Mini S&Ps and some FAANGs that there was plenty to do. If this kind of trading seems too frenetic, keep in mind that you can cash out $50-$400 winners all day long provided you’re quick enough to get in and out of the many set-ups that materialize. Moreover, the same tactics that apply in lesser time frames can easily be applied to bigger patterns that don’t require lightning-fast execution skills.
