Posts Tagged dow jones

Gone Short on the DOW

Gone Short on the DOW

Ok I've gone short on the DOW. I'm seeing a dowtrend in the daily charts.. it's a series of lower lows and lower highs. I believe that the market has just completely it's retrace from the downtrend and now going to make it's way down. The blue line shows that there has been a resistance where price was contained, this is around 15080. I'm hoping price will head lower to 14650 or so where my target is.

July 1, 2013 No Comments Full Story

DOW trade stopped and then fell.. would have hit my target!

DOW trade stopped and then fell.. would have hit my target!

This was most annoying. I had sold the DOW last night as you know with a 50 point stop and target. The price moved up and took out my stop before it plumetted.. it would have hit my target as you can see nicely. It's always difficult to know where to put your stop.. it can always be either too tight or too far away.. you just have to stick to your plan. In fact, I think in the coming days we may see lower prices.. all markets seem primed to move lower but they will do what they need to do

September 25, 2012 No Comments Full Story

DOW JONES hits critical Resistance Level… what next?

DOW JONES hits critical Resistance Level... what next?

.. This is an interesting chart of the Dow Jones chart under the Daily timeframe. Basically support and resistance levels can sometimes be the easiest way to get into a trade. The longer timeframes such as the Daily and Weekly charts are much more solid charts to trade off but they are for those who are more patient with their trading. I recommend the Daily charts for those who want to trade a few times a week and have other interests or a full time job. Anyway, back to the trading, f

August 21, 2012 No Comments Full Story

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