Oil prices down --> Market Rally after a week --> $710
5 min Emini Nasdaq 100
Hi,
Finally, today was a good day.. Frankly speaking, when the market opened with a gap down today.... I expected the market to continue its its trend downwards...
but... From 11:00,, it started to rally,,, it moved up to close the gap... but I still didn't bulge.. because I was unsure....
At 12:15 when it finally cut the moving averages... I knew the market is goign to go up and I immediately longed 1 contract at 1574.5.... there was a slight pullback at 1580 and I longed another 2 contracts...
I set my profit target at 1590 and my stop loss at 1572, just below the moving averages....
Finally at 13:25, my profit target was reached and I am out with $710... a big win!