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Moving averages sloping up, price bounced, stochastics up -> Long -> $240 profits

5 min Emini Nasdaq 100

Hi,

How is it going lately? Market gapped up today only to cover it immediately... Today's moving averages are sloping up.,,

so we are looking out for a chance to go long. Price has to bounce from the moving averages and stochastics or short-term MACD to cut the signal lines up from the oversold region...

I finally got such a signal at around 14:00.. I longed 1 contract at 1619 and exited when price crossed the high formed from the opening bell at 1631 with profits of $240.

Posted by Michael Taylor on August 13, 2009 5:44 PM |

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