Couldn't stand it. Took the flag breakout at 53.50. made a pt and now I'm done. Up for the day that's two in a row. Still down about the discipline "glitch" earlier. good trades everyone
how long are we going to play this top? Trend is your friend,,,,,but I have waint ing to short at 55 for 12 minutes. I am out until it flips over.
Took my last long trade for today. There must be some sort of P/B at this point. We've got to at least come back to the 50ema on the 5m for this move to have more legs up.
We just finished a 4 day pull-back. Why look for a top? Why not just buy bull flags today? Make it easy on yourself.
It is true, I fight off my contrarian ways and have been taking 2 tick scalps up the trend since 1:30 EST.
For me it has nothing to do with the daily. I'm looking at it from a short term perspective. If you are up 13+ pts. in one day and there is no pull back of any consequense. To me, that is entering dangerous territory for a scalper. Unless something wierd happens for the moment I won't go long. But, that's my humble opinion.
Yea, I'm probably done for the day, too. Here are some numbers to watch, I won't post them anymore in case they influence someone's trading. Everyone can do these on their own anyway. Weekly R1=1357 R2=1368.25 Monthly R1=1363.5