Stochastics up, long -> $100 profits
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.