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Stochastics Up, Break through Moving averages, --> $910 profits

5 min Emini Nasdaq 100

Hi,

The market rebounded today with price slowly trending upwards in the morning session.. I did not enter the market then.. market was whipsawing up and down... and I couldn't really tell the market direction..

The real deal came at around 13:35, when stochastics began to turn up from the oversold region.. It also rebounded from the moving averages... I bought 1 contract at 1935.5...

when price broke through my red moving average, I bought another 2 more contracts at 1942,.. I held the trade all the way till 1955 when stochastics showed sign of turning down again.. profits = $910.

Posted by Michael Taylor on June 27, 2007 5:37 PM |

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