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Bollinger Band Compression, stochastics up, bounce from moving averages -> $140 profits

5 min Emini Nasdaq 100

Hi,

How is it going lately? The market is characteristed by narrow ranges recently.. It is increasing difficult to make money in such a market until a clear trend appears.
The trade today depends on a bounce in stochastics and bollinger band compression.. I longed 1contract at 1347 when price rebounded from the moving averages.

I exited only at 1354 when stochastics started to cut down the signal line again.. with profits of $140.

Posted by Michael Taylor on April 17, 2009 5:36 PM |

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