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  1. T

    T-REX Journal - "Scalping 101"

    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.
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    T-REX Journal - "Scalping 101"

    you can go ahead and place your 3 pt profit target now.
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    T-REX Journal - "Scalping 101"

    Long @ 1129.50 Short @ 1126.00 Which ever is filled 1st use the 2nd order as your stoploss.
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    T-REX Journal - "Scalping 101"

    NO I did NOT post anything other than what I have told you! It would have been impossible for me to post anything without a computer. What part of "Not having a computer" don't you understand? I had software problems so I could not have posted what you claim that I did post. Anyway that is...
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    T-REX Journal - "Scalping 101"

    although I had posted a profit target beyond 3 points that does NOT mean that I did not place a buy limit order three points out. Just because I believed the mkt was going to move to a certain level that does NOT mean that I don't place a limit order just incase I'm mistaken.
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    T-REX Journal - "Scalping 101"

    I'm sorry I don't understand your question?:confused: I only posted the entry and the exit for today. I did not post anything else today because I was too busy with technical issues with my software this morning. If you have seen another post by me please show me because I am very...
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    T-REX Journal - "Scalping 101"

    picked up 3 points @ 1119.50. ..........Next the Swing Trade Matrix for the Stock Index Futures. We will examine this on tommorow.:)
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    T-REX Journal - "Scalping 101"

    Short @ 1122.50 with a profit target of 1116.25
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    T-REX Journal - "Scalping 101"

    I am glad to see that you are begining to profit from this journal.:) Thank you T-REX
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    T-REX Journal - "Scalping 101"

    Even with the above you still had an opportunity to capture the 1st trigger LONG @ 1126.75 . Although the 2nd trigger was NOT reached you still should have picked up on the resistance and the hint that I gave you to watch out for the intraday "take back Friday" - mkt reversal.:) Depending...
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    T-REX Journal - "Scalping 101"

    Take back Friday's are a common occurence in this mkt. Sometimes though the mkt just keeps on going. Hope you got your shorts in? mkt gave you a gift this morning but how many of you saw it comming? Per the above the mkt DID give you enough of a clue as to what was about to come...
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    T-REX Journal - "Scalping 101"

    Take back Friday's are a common occurence in this mkt. Sometimes though the mkt just keeps on going.
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    T-REX Journal - "Scalping 101"

    You are most welcome.:) T-REX
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    Earnings Season Starts Next Week!

    don't count da bull down and out just yet. gotta try and test dat top 1st. If not then I think we all know that the $SPX will hit 950.00.:D
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    T-REX Journal - "Scalping 101"

    Hope you got your shorts in? mkt gave you a gift this morning but how many of you saw it comming? Today's trading plan nailed it again!:D
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    T-REX Journal - "Scalping 101"

    Expect the unexpected today as today IS "take back Friday". Usually what this means is that if the mkt has been up all week then today will be profit taking. Remember what I said at the begriming of this journal- "profit taking can lead to a total distribution that marks the end of the trend"...
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    T-REX Journal - "Scalping 101"

    No charge! There is absolutely NO reason to charge for what I do here at ET. The fact that other people can use my strategy to make $$$ is good enough for me. I derive my satisfaction from that. That is why I post it here at ET. Sometimes though it becomes impossible to post here as...
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    T-REX Journal - "Scalping 101"

    For many a trader spoting intraday reversal can be difficult if not impossible. HINT: the 2nd trigger usually represents resistance in an uptrend. So if you see the market stalling you can go ahead and use it to get short. If you are not that experienced as a trader then I suggest you...
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    T-REX Journal - "Scalping 101"

    Please go back and read the 2BC set-up for the rules. I posted them at the beginning of this journal.:) 2 Bar Charlie System (Screen & Chart set-up) Tools. *Use the EOD Swing Vix Indicator. (Not a necessary component but is very helpful). *Mark yesterday's High & Low. *Use...
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    T-REX Journal - "Scalping 101"

    Yes. the intraday trend is pre-determined by the 60min bar crossing above the 40EMA. You use the 5min bar crossing the 40EMA to time entries. It's just that simple! If the trend is up, then you look for buying opportunities near the 40EMA. If the trend is down, then you look for selling...
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