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5 min Emini Nadaq 100
Hi,
Look at the chart, price gapped up today and it never stopped going up.. But we only know this from hindsight.. there is no way we could have tell this during actual trading..
Candlesticks have short bodies, stochastics and short-term MACD looks bad.. It is not worth the risk to trade..
5 min Emini Nasdaq 100
We hit a new low ...
Market gapped down and edged lower bit by bit with short-bodied candlesticks... I don't even have to look at it to tell to that it is not a good to trade..
Moving averages are sloping down... MACD hovered around zeroline... it looks bad.. it is bad... NO TRADE TODAY.
5 min Emini Nasdaq 100
Hi,
The market presented an opportunity to short... I have been waiting for this chance for a long time.. It formed a double top in the morning session.. with stochastics cutting the signal line and short-term MACD cutting the signal line..
I shorted 1contract at 1160 and another 2 more contracts at 1138. I covered my trade at 1128 when stochastics and short-term MACD cut back up the signal line.
Notice that price staged a rebound towards the end of the trading session... This is purely unexpected and I did not trade it.
profts = $1040.
5 min Emini Nasdaq 100
Price gapped down at the opening bell and staged a U-shaped return to close the gap.. I was waiting for this.. Where it closed the gap, It did not have enough energy to go any further and Stochastis, short-term MACD cut their signal line simultaneously.
I shorted 1 contract at 1215 and held my position all the way till the end.. I did not double my position as there was still uncertainty... moving averages were flat and not sloping down... I decided not to get too aggressive and maintained only 1 short position...
I held my position till the closing and closed out at 1155 with profits of $1200.
5 min Emini Nasdaq 100
Hi,
The market is in a turmoil now.. It went down during the morning session then at 13:00 it rebounded suddenly all the way into the closing bell. Is there a reason for this? I don't know.. Should we trade this? it depends..
Moving averages are sloping down and while prices are still below the moving averages, it does not make sense to go long... Stochastics, short-term MACD cut their signals at the same time and it seems like a good signal, but, there have been too many fakes in the current market.. I decided to stay out of the market, sure I missed a move, but I am trading according to my principles which proctects me in adverse conditions..
5 min Emini Nasdaq 100
Hi,
Market gapped down today and eventually closed the gap in the later part of the trading session.. However, as you can observe that the candlesticks have short bodies enclosed in a narrow bollinger band.. Do you think that this is a good market to trade in?
Obviously not!
Next, at around 14:00, it starts to get interesting and price starts to turn up and head towards the moving averages.. Moving averages are sloping down and I am not particulary interested in going long... NO TRADE TODAY.
5 min Emini Nasdaq 100
Hi,
How is it going lately? The market gapped down again today... and never really covered the gap.. candlesticks have short bodies and it doesn't really make any sense for me to take the risk to enter the market.. NO TRADE TODAY.
5 min Emini Nasdaq 100
Hi,
How's it going? The race is finally over and we have a new president.. I am not going to expound on my political views here.. And I am surely not going to allow politics affect my trading...
What I observe is that today is characterised by short-bodied candlesticks that doesn't make it appealing at all for me to enter the market. There is a slight negative slope plus a gap down from the opening bell.. I would rather go short than long... But frankly,,, I did nothing... It simply isn't worth the risk..
Shorting might look like the right thing to do but you can only know this with hindsight..
NO TRADE TODAY.
5 min Emini Nasdaq 100
Hi,
Is the market reflective of the election? Seems like it is going up as we approach the results of the election...
Price gapped up only to cover up the gap immediately... then it rebounded back up with the moving averages trendig up and expanding.. this is good sign that we should go long...
I was waiting for a clearer signal.. It only came at around 15:00 when price dropped back to the moving averages and I longed 1 contract 1357 and only exited at 1379 which is the resistance line established by the morning session... profits of $440.
5 min Emini Nasdaq 100
Hi,
Maket action is muted before the election, even traders are suspending trading and thinking about who would win the elections?
Look at the candlesticks.. shortbodies and long shadows..moving averages are flat..Bollingers narrow.. do you really want to trade in such conditions? Control your greed, know when to stay out when the market says so...NO TRADE TODAY.