Price Broke moving averages, Stochastics down, MACD down -> $440 profits
5 min Emin Nasdaq 100
Price is undecided and for a moment around 14:00 I thought that there was support at the moving averages.. I was looking for signs to go long... but apparently price broke further down.. First Stochastics formed a double top pattern, and short-term MACD cut the signal line... I shorted 1 contract at 1850 and only coverd my position at 1828 when stochastics and short-term MACD cut back signal line. Profits of $440. Notice that I only hold 1 contract recently? The recent market condition does not allow me to play 3 contracts.. there is no trend...