S/R Emini Journal

Made a few points on some lunchtime trading

 

Are you long or short

 

Sorry....I was trading a bit bigger size today, so I was laser focused on everything because they could have really ran with the market if the 1336.00 area would have been busted. I shorted that area both times price was there, but I was ready for any breakout move to reverse into for a bull ride.

I had 1336.00 as a MP level, and so far it has held (1336.75 HOD).....that will most likely hold as our high for today imo.

 

short and getting fed up with waiting

 

covered at 1330.75 for a little steak money.

 

this guy must have booked ~7 points in the afternoon YoYo trading. Nice one!

 

I could be wrong but there is an inverse H and S setting up.

http://finance.yahoo.com/q/bc?s=^GSPC&t=1d


Took a small long at 1330.75 with the house's money
2 point stop

 

Just 4.75 at the moment not including my open trade.

 

I think I might be seeing a bear flag on the 15 minute chart. But I also see what Volente is calling his inverted H&S as well

 

1331.25 short
1333.50 SL
any ideas