S/R Emini Journal

Discussion in 'Journals' started by 4re, May 15, 2006.

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

    C&S
     
    #6591     Oct 4, 2006
  2. 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
     
    #6592     Oct 4, 2006
  3. 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.
     
    #6593     Oct 4, 2006
  4. yvberj

    yvberj

    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.
     
    #6594     Oct 4, 2006
  5. TinGull

    TinGull

    Agreed. This is seeming to get rediculously high to me....
     
    #6595     Oct 4, 2006
  6. DonKee

    DonKee

    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.
     
    #6596     Oct 4, 2006
  7. It is true, I fight off my contrarian ways and have been taking 2 tick scalps up the trend since 1:30 EST.

     
    #6597     Oct 4, 2006
  8. Just don't want to get caught if it reverses at top of hour. Waiting it out.
     
    #6598     Oct 4, 2006
  9. yvberj

    yvberj

    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.
     
    #6599     Oct 4, 2006
  10. DonKee

    DonKee

    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
     
    #6600     Oct 4, 2006
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