Posts Tagged shorting dow
So it was an Obama victory and the Dow Jones fell over 300 points!! It was spectacular fall and a mass of profits to be made for those short.
I actually had the perfect entry on this trade. I was short from 13230, near the close of yesterday candle. The market was in a downtrend on the Daily chart and you can see that the price had reject the 13300 level 3 times already and formed a resistance level.
The thing about trading technical signals is that I don't really care about what's happeni
November 7, 2012
1 Comment Full Story
The DOW looks like it's reached a top, a triple top in fact... in the 4 hour chart below, you can see clear resistance where the market has bounced off this showing a pin bar. Looks like there are strong sellers here in the market and a potential place to go short. I have put on a sell at 13560, looking to take this 50 points down to 13510 (which is just above the support level you can see). 50 point stop also.
This is a risk of 1% on my account.
September 24, 2012
No Comments Full Story
Today I saw a beauty of a set up on the DOW .. the price action had made a double top and not only that, the daily pivot proved to be a good resistance line.. it screamed a short and so placed my trade looking to take the trade down to 11800.
However, with markets, anything can happen and this is what actually happened... yes, the market actually went up to hit my stop and I ended up nursing a 30 pip hit. That's the thing about markets, you just never know what can happen and a newbie mis
December 15, 2011
1 Comment Full Story
