Bounce from moving averages, Stochastics up --> $220 profits
5 min Emini Nasdaq 100
Hi,
How is it going lately? Market has been up for the past few days.. Has the market suddenly regained confidence of the stimulus packages? Or is this the precursor to further drop in the worst recession in a hundred years? We won't know and there is no way to know..
We trade on a day to day basis and what we don't really try to predict the future. Today there is a chance to go long.
I longed one contract at 1285 when price bounced up from the moving averages and stochastics turned up... I exited when price reached the high formed at the opening.. price movements seem to slow and it was a natural step to take.. I exited at 1296 with profits of $220.