S/R Emini Journal

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Couldn't stand it. Took the flag breakout at 53.50. made a pt and now I'm done. Up for the day that's two in a row. Still down about the discipline "glitch" earlier.

good trades everyone
 
Took my last long trade for today. There must be some sort of P/B at this point. We've got to at least come back to the 50ema on the 5m for this move to have more legs up.
 
Quote from yvberj:

Took my last long trade for today. There must be some sort of P/B at this point. We've got to at least come back to the 50ema on the 5m for this move to have more legs up.

Agreed. This is seeming to get rediculously high to me....
 
Quote from brightstone:

how long are we going to play this top? Trend is your friend,,,,,but I have waint ing to short at 55 for 12 minutes. I am out until it flips over.

We just finished a 4 day pull-back.

Why look for a top?

Why not just buy bull flags today?

Make it easy on yourself.
 
It is true, I fight off my contrarian ways and have been taking 2 tick scalps up the trend since 1:30 EST.

Quote from DonKee:

We just finished a 4 day pull-back.

Why look for a top?

Why not just buy bull flags today?

Make it easy on yourself.
 
Just don't want to get caught if it reverses at top of hour. Waiting it out.
Quote from brightstone:

It is true, I fight off my contrarian ways and have been taking 2 tick scalps up the trend since 1:30 EST.
 
Quote from DonKee:

We just finished a 4 day pull-back.

Why look for a top?

Why not just buy bull flags today?

Make it easy on yourself.

For me it has nothing to do with the daily. I'm looking at it from a short term perspective. If you are up 13+ pts. in one day and there is no pull back of any consequense. To me, that is entering dangerous territory for a scalper. Unless something wierd happens for the moment I won't go long. But, that's my humble opinion.
 
Quote from brightstone:

Just don't want to get caught if it reverses at top of hour. Waiting it out.

Yea, I'm probably done for the day, too.

Here are some numbers to watch, I won't post them anymore in case they influence someone's trading. Everyone can do these on their own anyway.

Weekly R1=1357
R2=1368.25

Monthly R1=1363.5
 
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