Capturing two legs of the uptrend. --> $940 profits
5 minutes Nasdaq Emini 100 Candlestick
Hi,
Today's trade lasted quite a while.... After the ISM index announcement, there wasn't much reaction but at around 10:40, price action began to change... we can see one white candlestick cutting through all the moving averages and the Mid-term MACD and Long-term MACD cutting the zero line, this is a powerful synchronization of techinical signals for entry... I immediately longed 1 contract at 1787.5 ....
Price consolidated and was ranging for a few hours until 14:30 when there was a slight break out.... this was further confirmed by the short term MACD cutting its signal line ... I longed 2 contracts at 1798.5 ,,, the Mid-term MACD following suit by cutting its signal line which further strengthen the entry signal.... I exited at 1810.5 at 15:45.... when there is a slight pullback... pocketing profits of $940...