Posts Tagged dow trading

DOW trade update – 140 points up so far….

DOW trade update - 140 points up so far....

For those who read my last post, you would have noted that I had shorted the DOW when it failed to remain above it's previous high. To me, this showed weakness in the market and a good chance to sell. I had a 140 stop on the trade and what is interesting now is that the profit on my trade now is 140 points.... if I close now, I'll have a 1% gain on my account in the bag which would be nice. I am actually holding out until around 13000 which is another 70 points away but it also depends on wh

August 23, 2012 1 Comment Full Story

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

The Fake DOW triple top

The Fake DOW triple top

Wow, the DOW really made a significant move today... it shot up and by the time I got home, I had missed all the action. However, the market had consolidated around the 10350 level. The market had made such a tremendous move that I couldn't see it moving much higher. Hence my short, I saw a triple top form around 10350 in the 5 minute charts and sold at 10340 with a 20 point stop. However, it proved to be a fake and stopped me out.. it just broke and made a high for the day and then moved bac

July 22, 2010 1 Comment Full Story

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