Did not trade yesterday and just checked in on market too see what was going on. Price still uptrending on 60min but want to see how this will react at the 1370 level today. If it fails to break 70 we may start looking for shorts, otherwise will try to keep with the trend as much as i can (longer term trend).
Even though i do like to hold for bigger gains when trade is going my way, had to exit and bank some gains on my measly 1 contract. Also, not only is that 57 resistance but it was a smaller intraday Target projection for my entry. Rule of 10 lovers also may see something there 68-58. If this heads down again i will looking for a chance to short again as intra-day trend down holds. If this 58.25 can hold might be decent bounce from here. Paying close attention to this zone.
Thanks wrongside. I always feel anxious in first couple of trades starting a new week, its as if im scared to make a trade - i feel much more comfortable with some profits under my belt, so thats why new week targets are often smaller. Psychology wise i got a lot to overcome.
Long at 56, very counter-trend (my only counter-trend play for my daytrade account) - based on one of my plays. Very low probability winner but good R:R due to tight stop so im taking it. Long at 56 - target 66 Might take it off early into weak lunch time action - we shall see.
Long at 59.50. Holding for 64-65 test. Tight stop. Really i should wait for the downtrend line (based on 1 min) to be broken before getting on on this one. OKay looking good, we have higher low now on shorter term chart. Lets see if we can break 62 with some conviction. Interesting action here. Had a limit sell at 64.50 missed by one tick. However, if we can break 65 we may even go for test of 70 again. May move my limit sell if we get some momo through 64. Will be trailing this regardless and hope to get back in for the next move if im stopped out.