Price snapped up to close gap and beyond - $2120 profits
5 min Emini Nasdaq 100
Hi,
How is it going lately? Today's trade is countertrend, you have to be careful.. I am not recommeding this trading style for everyone but if you know what you are doing, you can make money..
Market has been falling for the past week and we all know that markets cant fall indefinitely.. same logic that price cant go up indefinitely..
We are lucky that there is a gapped today of more than 20 points..
Stochastics was at oversold region and turned up to cut the signal line.. I longed 1 contract at 1779 and another 2 more contracts at 1798 when price found support at the previous close.. I rode that uptrend all the way till 1827 where price hit the moving averages.. profit of $2120..