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Windfall of $1370 - MACD crosses zero line in 3 time frames!

5 Minutes Nasdaq 100 Emini Candlestick Chart

Hi,

Today is a big day. Price really moved. How can I be so sure that it is really moving up? One very clear signal is that MACD in all 3 time frames moved in unison to cross the zero line. Nothing can be more powerful than that. I longed 1 contract at 1578 and another 2 at 1584 with my profit target at 1600.. Price action began to weaken before it hit 1600 and I took profits at 1596.5. That is still a whopping $1370 for me in less than 3 hours of work.

Posted by Michael Taylor on June 21, 2006 3:14 PM |

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