Double bottom by Stochastics, MACD up, Long --> $380 profits
5 mini Nasdaq Emini
Hi,
How's it going lately? market has been unpredictable, zig zagging up and down. I had been reluctant to trade during the morning session.. The moving averages were flat and I simply couldn't tell where market was heading...
My chance only came at around 15:00 when price suddenly rebounded togehter with stochastics making a double bottom pattern. This is a rare pattern and a good signal, risk / reward is good. I longed 1 contract at 2106 and another 2 more contracts at 2108.5... price snapped back all the way to the moving averages... I exited only at 2114 when stochastics started to turn down .. profits = $380.