Down Day --> Short Signals --> 2 trades -->$ 820 profits
5 min Emini Nasdaq 100
Hi,
1st Trade --> $450
I made 2 trades today..one in the morning and one in the afternoon.. The first trade was simple... market simply did not have enough momentum to go up like it did the last friday and it fell since the open... Stochastics and Short-term MACD gave an entry signal and I shorted 1 contract at 1912 and another 2 contracts at 1909... I exited when price rebounded a little from the moving averages... profits of $450
2nd Trade --> $370
After the first trade, price action hovered around the moving averages and it's pretty obvious that you should keep out of it.. it's a killer market... and there is a strong support at 1900..
I had to wait till 13:00 pm to find a chance.. price broke the support of 1900 decisively. Short-term MACD crossed its signal line and Mid-term MACD appeared to be crossing the zero line as well. I shorted 1 contract at 1898.5 and another 2 contracts at 1895... I exited at $1890 when price exhibited a hammer candlestick and a white candle appeared... Profits of $370.. Total for the day = $820