Pretty clean looking day with 2 nice up moves and 1 down trend that stopped right on the 50% retracement mark from the low to the high!
Since early am we have been in an uptrend with the double top failure at resistance at the 8:56 cst bar was an ok short then we found support at 3222 or real close to our high volume node from last week. we get a great chance to go long on a retracement at 9:34 and after that it's a matter of when you want to take profits!
12"08cst we have a double top failure so not saying a change in trend just a heads up with the demand line broken
As an example of what I am looking at the 1st trade was a short with a3234.50 entry and a stop of 3237.75. 2nd trade was a long at 3228.50 with a stop of 3225.50 and the 3rd arrow is long at 3235.75 with a stop at 3234. my goal is to be trading live in January so I have more observation on my replay and more time on my demo!
Here are some of the best entrys I saw on Friday on the 1 minute chart. A trader can choose to swing their entrys or take some off at a certain level, my preference is to take 1 contract off at a pre determined level and let the 2nd run until a supply or demand line is broken.