Closed gap, break support, short -> $1280 profits
5 min Emini Nasdaq 100
Hi,
How is it going lately? I have been busy with some family matters and took some time off from the market. However, today there is a huge opportunity as price gapped up by around 20 points... I was waiting for a signal to go short... stochastics cut it's signal line and started to slope downwards... I took the opportunity to go short... I shorted 1 contract at 1811 and when price broke down the opening price, I shorted another 2 contracts at 1801...
I exited when stochastics started to turn up cutting into it's oversold line.. notice price also ehibitied a hammer candlestick characterised by it's long lower whisker... I exited at 1783 with profits of $1280.