The emini Nasdaq has been in a strong up auction all month. There was a small gap open higher today that consolidated into a box formation in the early going. This set up a likely move higher after the market failed to make new lows for the day on three attempts. A long trade was entered in two phases. The first as it was first starting to break higher and the second once it had.
The first half of the position, 4 contracts, was exited for a 10 point profit. The second half of the position was exited with a stop order for a 5.50 points profit. Net result ton the trade was 62 points ($1240) for the 8 contracts. http://daytradethemarkets.com