Posts Tagged dow downtrend

DOW scalp trade for a few points

DOW scalp trade for a few points

I thought I'd have another go at the DOW today since my forex trading yielded a -20 result. I needed to find a way to top up my account! The Dow was moving lower and you can see the resistance line I drew in. The market was bouncing to this line before heading lower. However, at the blue arrow, the market broke the resistance line and I was looking at a possible long entry at 10532. Luckily for me this did happen as the market tanked. I wasn't flexible enough to short at this stage here so I

June 21, 2010 No Comments Full Story