T-REX Journal - "Scalping 101"

My apologies to you T-Rex, I was in error regarding the above statement.

 

Long @ 1129.50
Short @ 1126.00

Which ever is filled 1st use the 2nd order as your stoploss.

 

you can go ahead and place your 3 pt profit target now.

 

WE may be able to get more than the initial 3 pts here today.
We will watch and see.

right now on your 1min chart you should see some minor retracement back to the 1126.25 level.

 

new resistance is at 1126.50

should have increasing momentum once we cross below the 112400 handle.

 

1st support should be at the 111300 handle.

 

your opportunity to catch the tiger by the tail is short @ 1125.75

 

I advise you to staight cancel your 3pt target!

This could turn out to be a very bloody day.

 

very good trade

took my profits early, next time will listen to T-REX.

 

yeah i collected 2.75 pts, in for another .75