S/R Emini Journal

Holy crap, looks like some whipsaw action early on and then to the moon. Watching from work. Just a spectator today.

 

Are we going back to confirm this top or break it? Wonder what the Delta crew is showing?

 

might be of interest here, as 1350 has been providing I would say an intense resistance so far, so I would be cautious initiating any 2 point trades near that level. Been bitten once near 1350 range already.

 

My trade entry is 51. It's going to take quite a push to get through 50.50 though. IMHO

 

Mine is also set for 51.
Taking small 2 tick scalps on 2 with these bounces.

 

Early again but got a bull flag setting up on the 15m. Also the entry for this flag breakout is almost equal with the s/r breakout level. We'll see what happens??

edit: some BRD setting up on the 5m which wouldn't be unexpected with the overhead resistance here.

edit2: I hope I don't get sucked into a trade here with this BRD setting up.

 

Poor discipline!!

Took the BRD trade. Short at 48.25 with 5 tick PT and SL.

Lucky for me the market always help train me by turning these instantly into losers

edit: as expected, poor discipline makes for bad trading. -1.25 pts

 

I'm in. 1351.25

C&S

 

Long at 51 with 2 pt PT and SL

(but still bummed about last trade. not that it lost, but that it points out my continuing lack of discipline!! Hopefully others can learn from my mistakes.)

edit: out with 0.5 pts. Even on the day (after commish) and done. Putting myself on time out after the previous trade.

 

Got out with a 1.50 profit. Didn't want to wait it out. Wish I had though.

C&S