Today I got into a couple of nice setups, very clean trading day. I like it when this happens, makes it very easy to trade. This was my second trade today, this time on the DOW. If you look at the longer timeframe charts you can see that the DOW is in an uptrend.. this means that I'm looking for long trades.. areas where I can buy cheap! Anyway, I was watching the DOW as below and drew a support line as the market was creeping upwards. Higher highs and higher lows though you can see that
Archive for March 19th, 2012
Nothing much to say about todays trade. The market had rallied strongly on Friday and then drifted. From the market opening last night and until this morning, the market was consolidating.. not doing too much but you can see that the price was bouncing between a range.. ther resistance at 15850 and support at 15820. The break at resistance was my cue to go long giving me 25 pips as I took profit.