« Resistance at Moving averages, Stochastics down, MACD down -> $260 profits | Main | No trade today.. Why? Read on... »

Moving averages slope down, Stochastics up, MACD up -> $200 profits

5 min Emini Nasdaq 100

Moving averages are sloping down... Price gapped down from the opening bell.. Today is obviously not a day to go LONG..

I waited for a chance to go short and the chance came when stochastics and MACD was cutting down the signal line, I shorted 1 contract at 1923 and exited at 1913 when stochastics cut up the signal line again.. Profits of $200.

Posted by Michael Taylor on August 19, 2008 5:01 PM |

TrackBack

TrackBack URL for this entry:
http://www.daytradingdiary.com/cgi-bin/blog/mt-tb.cgi/428

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.)