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Candlestick rebound from moving averages, Stochastic up --> $800 profits

5 min Emini Nasdaq 100

Hi,

How's it going? Today's trade is simple... Price opened and kept on dropping ... all the way to the moving averages.. and rebounded sharply... Stochastics rebounded and I longed 1 contract at 2185 and another 2 more contracts at 2196...

Price started to slow when it reached the opening price and a red candlestick appeared.. stochastics also fell... I exited at 2203 with profits of $800.

Posted by Michael Taylor on October 25, 2007 5:09 PM |

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