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5 min Emini Nasdaq 100
Market is ranging within a 20 point band.. If you look at stochastics alone, you might be tempted to trade.. --> look at the green circles.. But in the broader context, moving averages are flat, candlesticks have long shadows short-term MACD is close to the zero line.. all these suggest that we should stay out of the market.
5 min Emini Nasdaq 100
Hi,
Judging from how the market behaved these few days, it is highly unlikely that I would go long... Price went up after 11:00 am all the way to touch my moving averages.. It ranged for sometime before starting to show signs of weakness again..
Stochastics and short-term MACD cut down their signal lines, I shorted 1 contract at 1927.5 and another 2 more contracts at 1917 when it pulled back.. However, this proved to be a wrong move as price did not move much further down..
Stochastics and short-term MACD started to cut up again and I exited at 1912.50 with profits of $480.
5 min Emini Nasdaq 100
Hi,
Judging from how the market behaved these few days, it is highly unlikely that I would go long... Price went up after 11:00 am all the way to touch my moving averages.. It ranged for sometime before starting to show signs of weakness again..
Stochastics and short-term MACD cut down their signal lines, I shorted 1 contract at 1927.5 and another 2 more contracts at 1917 when it pulled back.. However, this proved to be a wrong move as price did not move much further down..
Stochastics and short-term MACD started to cut up again and I exited at 1912.50 with profits of $480.
5 min Emini Nasdaq 100
Hi,
Market is still in a stage of uncertainty and I advice all beginners to stay out unless you are absolutely certain. there is no point in trading excessively..
Price bounced off the moving averages this was accompanied by stochastics cutting the signal line and stochastics cutting the signal line as well.. Mid-term MACD cut the zero line which is another signal for us to go short.
I shorted 1 contract at 1937 and another 2 more contracts at 1930 only to exit when price touch the neckline at 1920..Profits of $740.
5 min Emini Nasdaq 100
Hi,
The market gapped down by around 10 points today. Price try desperately to cover the gap, but it never happened... My chance came when price formed a small shooting star briefing touching the moving averages.. This was accompanied with the stochastics turning down.. I shorted 1 contract at 1964 and another 2 more contracts at 1954... But I exited at 1948 when price approached the low formed earlier (see support line) and stochastics and short-term MACD started to cut up their signal lines.. Profits of $560.
5 min Emini Nasdaq 100
Hi,
The market is still in a ranging mode.. I am still not too sure where it is heading.. But as far as today is concerned, there have been some slight improvements.. If you observed, the moving averages are slanting upwards, this is a good signal.. furhtermore, the moving averages are expanding.. you can see that the faster moving averages are moving further and further away from the slower moving averages as time passes..
I was waiting for a pullback to enter the market. There was a pullback at 12:15 with stochastics slightly cutting up the signal line but I was still uncomfortable with entering the market. I only entered at 13:15 when I saw a hammer and apparently price found support at the moving averages... I entered 1 contract at 1975 and exited only at 1987 when price became heavy and stochastics, short-term MACD started to show signs of topping over. Profits of $240.
5 min Emini Nasdaq 100
Hi,
The market is still relatively flat.. If you know observe the moving averages, they are pretty flat.. this is not the ideal trading condition and I am pretty cautious about going into the market. However, towards the end of the market session, there was a chance...
Price formed a double bottom supported by the moving averages. Furthermore, stochastics rebounded sharply and cut the signal line. I immediately longed 1 contract at 1953 but got out when price showed that there wasnt enough momentum to cut the high formed from the morning session. I exited at 1965 with $240 profits.
5 min Emini Nasdaq 100
Hi,
Price gapped today and it continued going up with some momentum within the first 30 minute. But as soon as it hits my moving upper moving averages, it started to rebound, I shorted 1 contract at 1948. this was followed by stochastics and short-term MACD moving down. But I exited at 1940 when price failed to continue closing the gap. I would have shorted another 2 more contracts should price move pass the opening price. It is quite obvious the market is still in a state of uncertainty and there is no clear trend at all. Profits of $160.
5 min Nasdaq Emini 100
Hi,
Price moved down again. The signal for entering is quite different from the usual signals from MACD or stochasitcs. Today, the market started by going down.. you can see that moving averages are slanting downwards... In the first 30 minutes of trading, you can see that there is only white candle. I shorted at 1960 after a huge red candle appeared. I further shorted another 2 more contracts at 1951 but this turned out to be at almost the end of the downtrend... shortly after I made my second entry, stochastics and short-term MACD started to turn up and cut their signal line.. I exited at 1946.5 with profits of $450.
Frankly, if you are not comfortable with the market situation today, I would advise you to stay on the sidelines first. Even though I made money today. I did not really like the risk/reward that I am getting.
5 min Nasdaq 100 Emini
Hi,
How's it going? Price gapped down today by 23 points, although it closed the gap, but rebounded down.. If you observed, price action is in a zig-zag manner and the candlesticks are characterized by long shadows.. This is an indication of market uncertainty. Also, the moving averages are almost flat, stochastics moving in a zig-zag manner and Short-term MACD close to the zero line... Such is not the ideal condition for trading... I stayed out of the market entirely conserving my capital... There is no need to take unecessary risks.
5 min Emini Nasdaq 100
Hi,
I have just returned from my extremely long vacation.. I have been doing nothing but watching the market for the past 2 weeks.. Now I am back in action... Sorry for the long absence.. The market was not performing well,, ranging from side to side and I needed to take a break.. So,, well, afterall the aim of trading is to allow me to take a vacation whenever I want to.. :)
Well, Last Monday, the market fell by around 70 points.. which is really bad. so do we expect this momentum to be carried over to Monday? Frankly I dont know, in fact today's trade is a LONG....
At around 15:20, price formed a double bottom pattern and stochastics was up, you can see that short-term MACD and mid-term MACD both cut their signal lines. I longed 1 contract at 1958 and another 2 more contracts at 1970 when price reached the neckline of the double bottom pattern. I continued all the way till price touched my outermost moving average at 1987. The market closed and I got out with profits of $1260.