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Stochastics down, Macd down -> short -> $760 profits

5 min Emini Nasdaq 100

Hi,

How is it going lately? moving averages are still flat, but we are seeing some changes.. Market surged up in the opening bell... but it lost steam and start on a free fall..

I entered 1 contract at 1771 when stochastics started to cut back from the over bought region.. Short-term MACD also cut the signal line shortly there after... I shorted another 2 contracts at 1751 and only exited at 1745 when stochastics cut back up...

Profits of $760..

Posted by Michael Taylor on October 26, 2009 5:50 PM |

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