$670 in 1 hour --> Capitalize on the downward trend
5 Min NQ Chart
Dear Trader,
This down trend might be coming to an end soon, nobody knows when it will end. But price does not move as much as it does a few days ago. The next few days we have to be careful because a change in trading environment means we have to adapt out trading style accordingly. Shorting might not be the most feasible way.... Price opened and immediately plunged down, I did not short immediately, I waited for it to hit the moving averages and bounce back down. At around 10:20 am, I got my chance and I shorted 1 contract at 1486, and another 2 at 1482.25. My stop loss was 1490 and my profit target at 1472. Within an hour, at around 11:20 am, my profit target was hit and I am out with $670 profits...