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5 min Nasdaq 100
Hi,
How is it going lately? Price gapped down by more than 10 points at the opening bell. There after price is limited in a narrow range characterised by short bodied candlesticks..
You might be tempted to go into a trade due to the signals from stochastics.. But the overall market condition and price actioin prevented me from entering...
No trade today.
5 min Emini Nasdaq 100
Hi,
Price gapped up today, but there was strong resistance at 1650 and price turn back down...
There was strong support at the moving averages... Price did break the moving averages towards the closing bell, but bounced back almost immediately..
No trade today.
5 min Emini Nasdaq 100
Hi,
How is it going lately? Price gapped up at the opening bell only to cover it almost immediately...There after price made it's way to the moving averages... there is strong support at the moving averages as price bounced up and down...
We see that there is a double bottom pattern formed just above my cyan moving average... But remember double bottoms are only effective at market bottoms... this double bottom is invalid....
No trade today.
5 min Emini Nasdaq 100
Hi,
How is it going lately? Price surged up during the opening bell.. However, there after candlesticks are characterised by shortbodies.. Although there is a buy signal from stochastics as it cuts up the signal line, But, you can see that there is strong resistance by the high formed by the opening bell... Hence...
No trade today...
5 min Emini Nasdaq 100
Hi,
Market is rebounding again...It gapped down by more than 14 points today but covered it immediately... there after, we have a period of non-movement...
Then suddenly price expanded characterised by stochastics cutting up... I longed 1 contract at 1589 and exited only at 1596 with profits of $140.
5 min Emini Nasdaq 100
Hi,
Market gapped down 30 points at the opening bell... But, I missed the trade.. There is no way I could have captured this trade... furthermore..
candlesticks thereafter are extremely short bodied... No trade today... We have to wait for a better day.. no point taking risk unnecessarily.
5 min Emini Nasdaq 100
Hi,
How is it going? We are not seeing clear trends in the market, as I have mentioned before, market is at crossroads now.
Market participants are undecisive on where the market should go.. It gapped down fast and furious today only to bottom out hovering in a narrow range...
candlesticks are short and moving averages are downward sloping... No trade today.
5 min Emini Nasdaq 100
Hi,
How is it going lately? Market gapped up today only to cover it immediately... Today's moving averages are sloping up.,,
so we are looking out for a chance to go long. Price has to bounce from the moving averages and stochastics or short-term MACD to cut the signal lines up from the oversold region...
I finally got such a signal at around 14:00.. I longed 1 contract at 1619 and exited when price crossed the high formed from the opening bell at 1631 with profits of $240.
5 min Emini Nasdaq 100
Hi,
Price bounced up today and there was a surge from the opening bell.. Apparently we are not prepared for a downturn as yet...
At around 15:00, stochastics started to form a double bottom and price bounced from the moving averages, I longed 1 contract at 1618
and exited at 1628 with profits of $200. There after you can see that price continued to be in a narrow range with short bodied candles.
5 min Emini Nasdaq 100
Hi,
How is it going lately? As mentioned before, we are at crossroads... Market gapped down at the opening bell but did not close the gap...
Moing averages are sloping down and bollinger bands are narrow... candlestick bodies are short --> NO trade today..
5 min Emini Nasdaq 100
Hi,
How is it going lately? Price gapped down today and immediately covered it via long whiskers. ( the body of the candlesticks did not cover the gap) . This illustrates weakness in the price structure...
Next, you can see that candlestick bodies are short, and they remain below the moving averages...
Although we get a double bottom pattern in the second half of the trading day, the fact that price remains below the moving averages prevents us from making aggressive bets. No trade today.
5 min Emini Nasdaq 100
Hi,
Market gapped down today, only to cover it in mid-day.. candlesticks are characterised by long whiskers...
moving averages are almost flat... Although we see several signals from stochastics and short-term MACD,
the overall market condition is not condusive to trading... No trade today..
5 min Emini Nasdaq 100
Hi,
How is it going lately? Price gapped up today and continued in a narrow range... candlesticks are short-bodied and Bollinger Bands are narrow..
I did not get a signal to enter... No trade today...