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5 min Emini Nasdaq 100
Hi,
How is it going lately? Market is in a ranging pattern and frankly speaking.. there is nothing much we can do about it... However.. You can tell from a larger time frame that it might have a technical rebound... --> see below..
Daily Emini Nasdaq 100 chart
5 min Emini Nasdaq 100
Hi,
How is it going lately? Price action is bad as usual and candlesticks are short.. Obviously if given a choice, you would want to go short instead of long...
However, there are no clear signals from either stochastics or short-term MACD... No trade today!
5 min Emini Nasdaq 100
Moving averages are slanting down and candlesticks are characterized by long whiskers... This is simply not the ideal condition we want to be in when trading...
There are several signals from stochastics, but this is not supported by short-term MACD and the price action... Conclusion -> NO TRADE !
5 min Emini Nasdaq 100
Hi,
How is it going lately? Price is not really performing as usual and we are stuck in a range.. My preposition is to go short since the moving averages are slanting down...
I shorted 1 contract at 1180 when price hit the moving averages and rebounded downwards, this was accompanied by stochastics cutting down the signal line as well.. I only exited when stochatics cut up the signal line from the oversold region..
There isn't a huge movement and I managed only to capture 5 points giving profits of $100.
5 min Emini Nasdaq 100
Hi,
There is no trade today... There is no obvious trend as indicated by how moving averages behave... They are basically flat and price is hovering sightly below it..
Next, if you look at stochastics and short-term MACD, there appears to be signals when they cut the signal line, but I did not go in because of the price action..
NO TRADE TODAY.
5 min Emini Nasdaq 100
Hi,
How is it going? The market is opened for only half a day.... It kept on plunging down... Can you really short this?? Not me.. There is simply not any signals I could catch to go short.. Short-term MACD and stochastics are already in the negative region.. There are no signals.. The only signals would be the short-bodied red candlesticks down..
Can you short this? I don't have the confidence to go short in this situation. NO TRADE TODAY.
5 min Emini Nasdaq 100
Hi,
How is it going? The market is stucked in a range for quite some time already... Today's makes use of this fact to trade the range..
I longed 1 contract when price dropped down to the moving averages and bounced back up to 1232. You can be sure that my stop loss is pretty tight, just below the moving averages. I have zero tolerance for this trade if it turns out to be a fake recovery...
Notice how stochastics cut the signal line when price bounced up..
I exited at 1243 when price approached the high created in the morning session, this is coupled with stochastics cutting the signal line from the overbought region.. I ended with modest profits of $220.
5 min Emini Nasdaq 100
Hi,
How is it going? We see a double bottom today and coupled with stochastics, short-term MACD and long term MACD cutting up its signal line, we know that we have to go long...
I longed 1 contract at 1214 and another 2 more contracts when price pushed through the resistance line at 1225. I exited at 1244 at the closing bell with $1360 profits.