High volatility, Fed cuts ? $1940 profits
5 min Emini Nasdaq 100
Hi,
Moving averages were flat all through the morning session... It did not seem like a good day to trade, so I decided to wait and see what happens..
Towards 13:30, price action started to show some life.... Stochastics bounced from the oversold line and short-term MACD bounced from the zero line.. Also, price broke through one of the resistance lines from the morning session...
I longed 1 contract at 1212 and another contract at 1228 when it pulled back abit... I exited at 1255 when price action displayed some sluggishness.. price has gone up too fast in too short a period of time and I decided not to get too greedy... profits of $1940...
However, it turns out that price went by quite a bit even after I exited... Like I said before, it is not possible to buy at the trough and sell at the peak... I made $1940 and I am satisfied, what is important is that I controlled my greed...