« Stochastics - Short term, Mid-term MACD up --> $500 profits | Main | Gap up, closed gap, support -> LONG -> $460 profits »

Stochastics down, Short-term MACD down, Moving averages down -> $1000 profits

5 min Emini Nasdaq 100

Price maintained the downtrend throughout the day, but I only shorted after 14:00. I was looking for a good entry point...
This came only when Stochastics went up and price rebound from the moving averags.. I shorted 1 contract at 1950 and another 2 more contracts at 1836 when price broke through the support line.. I exited at 1824 with $1000 profits.

Posted by Michael Taylor on July 2, 2008 5:30 PM |

TrackBack

TrackBack URL for this entry:
http://www.daytradingdiary.com/cgi-bin/blog/mt-tb.cgi/401

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.)