Sluggish market near the top, long 1 contract --> $60 profits
5 min Emini Nasdaq 100
Hi,
How's it going? We have more than recovered from the August debacle... and now prices are at a high again... price action today is undecided and sluggish... movement is zig-zagged at best and I decided that if there is no significant signal, I won't trade.
Today's trade is a classic, price dropped down all the way to my moving averages and bounce up together with a up turn in stochastics...I had to go long. the risk/reward is good... I won't lose too much even if I were wrong...
I longed 1 contract at 2128 but got out and 2131 when stochastics started to turn down. profits of $60.. Price action is too sluggish for me to continue...