Big rally after falling for 4 days --> $1260 profits
5 mini Emini Nasdaq 100
Hi,
How is it going? Ther market gapped up today... In fact it went even further up.. I did no play the morning session as I was suspicious of the gap up... however, by noon, the market showed considerable momentum and strength and I began to look out for signal to go long....
Stochastics turned up with price going up from the moving averages, I longed 1 contract at 2035 and another 2 more contracts at 2050 when price broke the highs established by the morning session... Stochastics whipsawed up and down... but price never broke my moving averages... I held my position all the way till the end with profits of $1260.