Live Day Trading emini Nasdaq Sep-13-2017 #3
There was an aggressive sell off into support based on our intraday support in the 5987 area. The magenta bar (our most aggressive selling bar) had no follow though. Once the market took out the high of that most aggressive selling bar it setup a long trade opportunity.
It took about 30-minutes for the first objective of 6 points was reached where 2 of the 4 contracts entered was sold with a limit order. The second objective of 8 points was reached about 10-minutes later when 1 of the 2 remaining contracts was exited. The final contract was exited with a stop order for a 6.75 point profit. Net result on the 4 contract trade was 26.75 points (5). The trade duration was about 60-minutes.