DOW intraday trading

Stalking the DOW again today.. I am primarily looking for quick profits. I was going to write quick and easy but trading isn’t all that easy. However, if you can sense where the momentum is, you can get behind it and ride it a few points. I’m happy to grab a few points where I can and get out as soon as I sense that momentum has run out. I just don’t trust the Dow, any sign of uncertainty… GET OUT!!!

I put an order to get in at 10320 today and it hit. I was aware of overhead resistance at 10353 and also the pivot level at 10366. As the market moved up towards the first of these targets, I closed at 10344 for 24 points. The markets has since spiked temporarily breaching the pivot level.

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Category: Forex trading, Spreadbetting, Trading