Archive for July 23rd, 2010

Went Long on DOW as it broke resistance

Went Long on DOW as it broke resistance

So today the DOW had been not doing much bouncing between 10300 and 10380. I was looking for a break either up or down to time my entry. I had an order at 10403 which was above the range but also above the round number.. round numbers are always areas of relatively strong resistance so I was mindful of that. Additionally, the pivot was around 10429 or so which would be another hindrance to price moving upwards. Anyway, my long was trigger and I managed to grab 25 points which was pretty aw

July 23, 2010 No Comments Full Story