Nasdaq Emini broke 1500 level --> short
5 minutes Emini Nasdaq 100 Candlestick Chart
Hi,
How's it going lately? The market is abit difficult for beginners with no apparent trend these few days. However, if you read the technical signals right, you will still be able to make money. Today, Nasdaq emini gapped down at 1505.75, my immediate thought was - there is a high probability that price will cut the 1500 level. I was right, at 10:00, price shot pass 1500 and I was well prepared for it. I managed to shot 1 contract at 1499.75 and later when it pulled back, I shot another 2 contracts at 1497.75, my stop loss was at 1501, pretty tight. My profit target was at 1490, the low established a few days ago. The was a slight pullback before price manged to reach 1490. But i was not worried at all, instead, it was a healthy pullback, price needs some correction before moving on. At 10:55, my profit target was hit with $505 in profits.