Stochastics up, Bounce up moving averages, MACD up --> $330 profits
5 min Emini Nasdaq 100
Hi,
How's it going lately? I know, it's been a difficult market to trade... but be patient.. chances will always come back.. don't trade recklessly during this trying period...
Today's trade is simple and a classic... Price opened down and plunged immediately to my moving averages... The general trend is still up and naturally I expect price to bounce up again...
When stochastic turned up from the oversold region and Short-term MACD showed signs of turning up... I longed 1 contract at 1996 .. I went long another 2 contracts at 2000 after a slight pullback...
I exited at 2004.5 when stochastics started to turn down and price seems to lose momemtum... profits = $330