And out for 6 points. I still think it's possible we have the week high here and I may have stopped out on noise, but it would be a shame to not take anything off the table. If there's one mistake I made in the past it was that I was often swinging for the fences a bit too often giving back many unrealized profits in search of the big one. So, usually, I like to make sure I take at least something off the table. All those small profits add up.
Is this a good time to mention that having entered with 10 MES, exited 5 of them, and holding 5 more for scaling out 10 points lower on each one would be an awesome strategy (ie. +10, +20, +30, +40, +50)? Obviously the stop on these 5 would be set to BE, so maybe that will hit and your profit on the full entry at +6 would be profitable this time around. But since you feel so strongly about this maybe being the high for the week, those runners would have been awesome to have!
IHS in place intraday over the last hour. Let's see if that can trigger a breaekout to 88,75 (where it still can fail and reverse). Not participating at the moment. Just watching. Still a bit of a bear, but can't marry that view.
88.75 is still a possible failure point intraday, but we might have a chance to regain that 3900 range if we trade above 3890 now. I'm starving. Had a 9 hour workday and got right to trading. Might have to be satisfied with this for today.
Methinks we're just gonna chop 'til everyone drops until Wednesday, so better you play ping pong with S/R in the meantime.
I'm no Guru but it sure looks like a local bottom. The count implies a false break of the triangle then the launch, for MAXIMUM PAIN! *edit- long 100 tqqq at the tip of this glorious little flag, and a limit for another 100 on the next line down