S/R Emini Journal

May be a little early, but possible flag??

 

Here we go again. Long at 45 with 2 pt PT and SL. Might stay a little extra if the flag looks like a player. I'm reentering here on the resistance breakout I mentioned above.

edit: trade has moved 1 pt in my favor; SL moved to BE -1

 

not sure?? im going short @ 1344 on sim

edit: That turned into a nice bull flag TT

 

Oh come on it's definitely going up!!!

(come on stupid market - you can do it)

edit: man this thing seems determined to knock me out at - 1pt

 

Sorry was in a trade,
that is 10:30 EST

 

TT nice call again! did you adhere to your PT?

 

Ok out for + 2pts. Wanted to hold on for more but the little jiggle at 48 caught up with my trailing stop. I probably kept it too tight because of FEAR of my winner turning into a loser.

edit: my PT of 48.25 would have filled!!! Darnit!

 

My original PT was + 2pts, although I wanted to extend it to 3.25 pts based on the additional strength of the flag. Couldn't hang though, Out with 2 pts on that one.

 

Expecting pretty stong resistance between here and the 51 breakout trade. Probably should have taken that into consideration on setting a PT on the last trade. My 45 to 47 was a S/R but I can't imagine that flag going to full extension with all the resistance above it.

edit: I've got the trade at 51 loaded??

 

Anyone else watch the PREM levels? There has been an awful lot of program selling triggering during this whole up move. Not alot of selling hit the market when triggered, just a little bit. Just curious to see if anyone else follows these levels.