« Nasdaq reaching new highs again? Long --> $580 profits | Main | Possible Trade? Did you take the plunge? Friday the 13? »

Nasdaq and Dow Hit new Highs --> Bullish --> Long --> $500 profits

5 min Emini Nasdaq 100

Hi,

Remember what I said about the markets? They are designed to move in the least expected way.. While Technically, it seems poised for a major correction... We are seeing new highs today..

It's alright, traders just go with the flow.. I longed 1 contract at 2036 when price broke above the high of the previous session with strong rebound of stochastics and 2 contracts at 2029 .. I held it all the way till the close and exited at 2036.. profits of $500.

Note: my stop loss was at 2020.

Posted by Michael Taylor on July 12, 2007 5:41 PM |

TrackBack

TrackBack URL for this entry:
http://www.daytradingdiary.com/cgi-bin/blog/mt-tb.cgi/254

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)