ok so you dont bother looking at the 2 min chart unless its going to confirm the 5 min? that makes sense; so instead of looking for 2 min chart breakouts which often are just fakeouts more then not. I should look for 5 min chart breakouts. And if I wanted to guess on the breakout I should look for a pullback first and enter at some support ... yes? http://img323.imageshack.us/img323/1687/ym926054fu.gif so basically what I have here is on one of my trades I entered at the end of the place I marked #1 10484; I ended up selling at 10485 because of what I saw there on the 5 min ie things didnt look so positive now. just practicing
Will cover second half at close if not stopped out. Could be nice trade. Market looks pretty weak here.
Stopped out second half: -10 +5 for full trade; pretty lame but i'll take it; I did make a few other nice trades for about 25 points but did not have time to post real time. One was shorting the open
+302 pts today, on 34 RTs. I was scalping today, and holding onto losers at other times. Thats nothing to be proud of since there was a lot of movement up, down and back up etc. Dang Volente, I actually beat your best pts day on the first post. I think today was my best day in terms of total points. But, not my best profitable day.