Emini Day Trading Diary

5 min Emini Nasdaq 100

Hi,

How is it going lately? Done your christmas shopping? It's a busy end-of-year for me as well.. I have not been updating my blog as much as I would like to..

Today price gapped up by around 8 points.. it proceeded to close the gap almost immediately... after closing the gap, I was not getting a good signal to go long... stochastics was still above the oversold region and short-term MACD did not provide any signal too...

Basically, at hindsight, price went up to break the high established by the opening bell.. but I stand by my decision not to trade as there was no signals.. After breaking the high, candlesticks basically had shortbodies and were zigzagging ... Not an ideal situation to trade...

Posted by Michael Taylor at 5:32 PM | Permalink | Comments (0) | TrackBacks (0)

5 min Emini Nasdaq 100

Hi,

How is it going lately? I have been busy with some family matters and took some time off from the market. However, today there is a huge opportunity as price gapped up by around 20 points... I was waiting for a signal to go short... stochastics cut it's signal line and started to slope downwards... I took the opportunity to go short... I shorted 1 contract at 1811 and when price broke down the opening price, I shorted another 2 contracts at 1801...

I exited when stochastics started to turn up cutting into it's oversold line.. notice price also ehibitied a hammer candlestick characterised by it's long lower whisker... I exited at 1783 with profits of $1280.

Posted by Michael Taylor at 5:39 PM | Permalink | Comments (0) | TrackBacks (0)