Market still undecided -> $220 profits
5 min Emini Nasdaq 100
Hi,
How is it going lately? I hope 2008 was good for you. Nobody knows how 2009 is going to turn out, but let's make this a profitable year as well.
This is my first trade for the year... I am still testing the market... To be frank, I don't like the candlestick patterns...
Price gapped up and immediately closed the gap... It then rebounded from the moving averages and I took the chance to long 1 contract at 1269.... My target is the high formed earlier. I exited at 1280 with profits of $220. Notice that I did not trade a second contract because there simply is no trend in the market.. Bollinger is not expanding too.