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Closing this out here and done for the day most likely. covered at 78.25 for + 5.

Starting to trail here to lock in decent gains for the day.

Hmmm sometimes they really mess with your head. Should have stuck with this analysis all along and stayed away from the longs.

Look at the financials leading the way again. If this breaks 80 convincingly then we have beautiful 'M' top on the 15min. Until then we are still primed to get picked off by strong bulls.

Out of long at 83.50 for 0.0. Maybe i should have listened to my own advice here. :D Horrible price action. Looking for shorts here. Reversed short - filled at 83.25.

Thanks Honda. I will definitely posts some charts later - i really should have posted my 15min chart before start of day, it had some good levels on it.

I have had this discussion many times with many people. I am a trend follower but if i see a strong zone on longer term charts i will try at low risk entries to short a strong rally. WHY? Because i don't want to be stubborn one -dimensional trader. Their is money to be made both sides of this...

When we have a nice trend day up and it can't break even 10points from HOD and starts consolidating near the highs then often mean rally will continue in the evening. However, i don't know if this will attempt to go for the HOD and roll over. May even put in an inverse H&S ppatern here...

I must admit that last long at 83.50 was a complete impulse play and you know what that means! :( Monster target on this one.

You know what would be great is market gunning for the 1400 number today. Markets are always attracted to big round numbers like that. Seems unlikely but you never know. The longer this stays up the more bullish i am getting. Is it out the realm of possibility for us to rally another...

Ouch egg on my face right there. Maybe not, still wanna see this get close to 87 again or new highs to short into.

Lol is this going to be another elite trader curse. I will wait till the ones who are short start getting stopped out before re-entering short again. How is that for games for ya :D

Out 82 for +5.75. Had to get out i see too many short and time stop on this one. May live to regret this but had to do it.

Starting to trail this but not very aggressively. Getting worried - reading ET threads starting to see many getting short - that is a sure sign of another blast up lol.

I must admit that this may just consolidate and sit around this 80-90 zone for rest of the day. However, the rally from 11:00-12:30 was dodgy price action. A good rally is usually quick blasts of buying with 3-4 points per 1min bar - then a little consolidation, then another blast...

Because i don't have the ability to scale out i try to limit my losses on any trade without getting fixed on an idea. Hence, i will now move my stop to very tight position so i lose as little as possible on this trade. This will give me a chance to get back on at a more favourable point if...

All or nothing here - short again at 87.75. Again the trade is still valid so i have to take another attempt at it. Value is still lower - this action seems a bit dodgy to me. They might blast it up one more time but i have an inkling this is gonna come down hard.

Damn it back from lunch too see i have been stopped out. Bulls are strong, if only it had hit 63 my swing position would have been filled. Thats problem with limit orders - if i believed in the move i should still got long at higher price.

Will leave my stop at even here. Target is 79. Have to really get some food for real now - damn action is hypnotising :D

Short was actually quite strong lets see if it holds. Here is what i am looking at: firstly that was a resistance zone, secondly we also touched top of a resistance trend line on the 15min chart. Often rallies like this are good for a nice 10 point drop as obviously this can't keep going up...