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5 min Emini Nasdaq 100
Hi,
Price gapped up and continued on it's upward trajectory, but signals from stochastics and short-term MACD are not enough for me to enter the market.
Candlestick bodies are short and price remained tightly ranged... No trade today.
5 min Emini Nasdaq 100
Hi,
If you noticed, price is still on a downward trajectory, when will this stop? I don't know, but does this automatically mean that we should go short? No!
Look at the price action today.. candlesticks are highly erractic and there are no clear signals from stochastics or short-term MACD.
Fundamentals.
The May Existing Home Sales report was the day's headlining news item, though it failed to produce a sustainable move in stock prices. Annualized existing home sales for May hit 4.77 million units, which is the highest rate since October, and up 2.4% from the previous month. However, expectations were set on a 3.0% month-over-month increase.
5 min Emini Nasdaq 100
Hi,
How is it going lately? Market is finally going down which it should. I have said that it is impossible for the market to keep on going up in a straight line...
Price gapped down and continued on its downward trajectory without any signals from stochastics or short-term MACD. There was no chance for us to go short...
NO TRADE TODAY.
5 min Emini Nasdaq 100
Hi,
How is it going lately? We are seeing a period of short bodied candlesticks again... Moving averages are flat and Bollinger Bands are narrow...
Do you think this is a good trading environment? I wouldn't risk it...Don't be fooled by the signals from the stochastics. No Trade today.
5 min Emini Nasdaq 100
Moving averages are almost a flat horizontal.. Price hovers up and down from the moving averages.... However, if you ignore this fact, stochastics exhibited alot of signals,
If you traded on these signals without taking into account the flat moving averages, you will be taking too much risk.
5 min Emini Nasdaq 100
Hi,
The trade today is not so obvious, but if you look carefully, you will know that this is a chance.
Firstly, price formed a double bottom this is coupled with stochastics which cut up the signal line... We can see the short-term MACD also cut up the signal line.
Although price is below the moving averages, this gave me enough signal to go long at 1443 and I only exited at 1460 when short-term MACD cut back down..
profits of $340.
5 min Emini Nasdaq 100
Hi,
How is it going? Price is emarking on a downward trajectory again... As we have discussed before it cannot simply keep on going up in a straight line...
Price broke through my moving averages coupled with stochastics cutting down the signal line, I shorted 1 contract at 1463 and another 2 more contracts at 1459...
I only exited at 1450 where stochastics cut back up form the oversold region. Profits of $620.
5 min Emini Nasdaq 100
Price gapped down today and continued on its downward path... There after, candlestick bodies are short...
There are no signals from short-term MACD or stochastics -> NO TRADE TODAY.
5 min Emini Nasdaq 100
Hi,
How is it going lately? Are we seeing the market stalling finally? What I can say is that on a daily basis the range is getting smaller and smaller. This tells us that market participants are getting cautious.
Price was on a downtrend from the opening bell... But look at it carefully, do you think you can trade this? There are no relevant signals from either stochastics or short-term MACD.Candlesticks thereafter have shortbodies.
Do you really feel comfortable trading such markets? I don't think the risk/reward justify entering the market. NO TRADE TODAY.
5 min Emini Nasdaq 100
Hi,
Price is exhibiting unstable characteristics again... candlesticks bodies are short on a dialy basis...
Today's trade is pretty obvious... Price staged a V-shape rebound from the moving averages coupled with stochastics and short-term MACD cutting the signal line..
I longed 1 contract at 1495 and exited at 1509 when price reached the high formed established by the morning session... profits of $280.
5 min Emin Nasdaq 100
Hi,
How is it going lately? The apparent uptrend is slowing down... On a daily candle basis you can tell that candlesticks are having shorter and shorter bodies...
This tells us something about how market participants are thinking about the current situation.. Yes, the worst recession is over but is a continued uptrend warranted?
We have doubts about that... Today's trade is simple... Price gapped up today but immediately covered up... There was a chance to go short when price rebounded from the moving averages.
I shorted 1 contract at 1488. This was coupled with stochastics cutting its signal line.. I exited my position at 1479. Profits of $180.
5 min Emini Nasdaq 100
Hi,
How is it going lately? Price gapped down and price remained below my green moving average for sometime before cutting up again
with a last spurt upwards towards the closing bell in order to close the gap.
Can you trade this? It is almost impossible to trade this pattern, no obvious signals.. No trade today.
5 min Emini Nasdaq 100
Hi,
How is it going lately? Will the market continue in its uptrend? I don't know... but it sure seems that it needs some time and good news before it can surge up again...
Today's trade is simple.. Price gapped down, but quickly snapped up back to the moving averages... The moving averages formed resistance bands and price bounced
back down.. This was accompanied by stochastics cutting the signal line down... I shorted 1 contract at 1471 and exited at 1462 with profits of $180.
Hi,
Price reached new highs since Mar and we are seeing a new surge in up trend... Will this continue? I don't know...
but it seems too fast for another 3 months uptrend with a meaningful correction...
Price gapped up during the opening bell and remained in a tight range there after it is very difficult for us tor trade in this environment.
No trade today.