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5 min Emini Nasdaq 100
Hi,
How is it going lately? Price surged during the opening bell.. with moving averages sloping upwards... stochastics was already in the overbought region and short-term MACD cut up the signal line...
Price exhibited strong action, but there was no signal for me to go long... No trade today..
5 min Emini Nasdaq 100
Hi,
Nasdaq is effectively closed today, but we can still see some action in the futures market..
Market gapped up and price went up in a straight line.. But I don't recommend you trading in a light market..
No trade today.
5 min Emini Nasdaq 100
Hi,
How is it going lately? Price is stalling again as it approaches the resistance formed by a previous high 4 days ago... Moving averages only slope up slightly and I would really like it to have a little bit more slope before I even think of going long..
Stochastics and short-term MACD are not very symmetrical reflecting the price action characterised by short-bodied candlesticks..
Short-term MACD stayed closed to the zero line..
This is no condition for going long... No trade today.
5 min Emini Nasdaq 100
Hi,
How is it going lately? Price gapped down today and never covered the gap... Market is having second thoughts about the so called recovery? At least today, we can tell that market is weak.. Moving averages are sloping down and there is no way we should be thinking of going long, I am looking for a chance to short...
My chance came when stochastics started to cut down the signal line. However this was not accompanied by the same price movements... I shorted only when price broke down the support line at 1862.. I exited the trade at 1853 with $180 profits when stochastics started to cut up the oversold region..
5 min Emini Nasdaq 100
Hi,
How is it going lately? Market has been going up and up.. Apparently we are in an optimistic market... However there is a slight correction today and I made use of this to earn some money!
Price began to fall at the opening with stochastics cutting down from the overbought region.. I shorted 1 contrat at 1891 and another 2 contracts at 1885. As moving averages are flat, price cut it with ease... Notice how short-term MACD also cut the signal line down? The same applies to mid-term MACD
I exited at 1879 when stochastics started to cut up the signal line from the oversold regioin.. profits of $480.