Posts Tagged short term

Confusing Long Term vs Short Term trades – Trading the Dow Jones

Confusing Long Term vs Short Term trades - Trading the Dow Jones

I had spotted that the Dow Jones had made a double top and I shorted it as it retraced and headed downwards at 12720. At this time I was thinking that this could be a nice longer term trade as I anticipated seeing the Dow decline over the coming weeks and possibly months. I knew that there was support at the 12650 level and if it were a daytrade, this would have been a good place to take profits and take 70 points.. not a bad days work. However, when it bounced, and started to eat into my pro

July 22, 2011 No Comments Full Story