Thinking out loud.

Last night I put in a limit order to buy at 2568 stop 2560 and target 2583, needless to say that I cancelled it before going to sleep !!
The trend is still up, difficult to say where are we going from here. If we break the highs it will be short before going down, but if that happens it will be a big reversal to go visit 2350; if not then we will bounce back at 2450. I favor the last scenario; which means we should go down in the afternoon. In all cases just listen to the chart.

 

In at 2582.25 stop 2580.5 target 2589. Changed stop at 2579.75. Stop loss!

 

In at 2580.75, stop 2578 target 2589. Trading on 15 minutes chart.

 

For once, I am proud. Went out after put in the trade, just came back and got out at 2588.5. This thing has problem breaking out, will probably go down from here, I will wait for the chart to confirm it; but not more long trades, for today.

 

Short at 88 stop 89.25 target 84.

 

Scratch, will renter again probably at the same price. Notice that the 15 minutes is not closing above 88.25, One more time and we short.

 

In at 88.5, will be out if the close of 15 is above 88.25, target 78.5

 

Not out yet (should have, but...), stop at 90.

 

out at 85.25, my system says it will not break 83.5. I think it will churn until the close. That's it for the day. May be a long one here and that's it.

 

Last trade of the day: in 85.25 stop 83.25 target 89.25