« Price Broke moving averages, Stochastics down, MACD down -> $440 profits | Main | Did you trade today? »

No trade today! Flat moving averages .

5 min Emini Nasdaq 100

Hi,

THe moving averages are flat, Short-term MACD is close to hugging the zero line.. Not the perfect condition for trading... Notice that I have circled in green what appears to be signals for going long... I did not enter the market.. as I couldnt assess the risk/reward. Although stochastics and short-term MACD cut up, moving averages are flat and there doesnt seem to be a trend... too dangerous.

Posted by Michael Taylor on July 10, 2008 5:54 PM |

TrackBack

TrackBack URL for this entry:
http://www.daytradeemini.com/cgi-bin/blog/mt-tb.cgi/416

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)