Posts Tagged support resistance

False break on the DOW

False break on the DOW

Well, back to trading the DOW, I was looking scalp for a few points and initially had my mind fixed on taking 30 points... I was looking to see if the DOW would break below the S1 pivot point which was also a support line the DOW had responded to earlier. I place my entry at 9694 just to be sure it was lower than the previous low point set. The market gave me my trade and it went nicely the right direction.. I had set my limit to be 9664. The market however didn't want to give me my 30 poi

July 1, 2010 No Comments Full Story