Posts Tagged trade the indices

Small DOW trade – 30 pips

Small DOW trade - 30 pips

I took a quick scalp trade on the DOW.. I don't tend to like to trade the DOW due to it's volatility but I saw a quick opportunity. The black lines represent resistance lines. The large black slanting line shows the price action breaking out of the downtrend pattern and the horizontal black line, the immediate resistance. As it broke I put on a quick long and rode it up 30 points to take a profit... phew!

November 11, 2008 No Comments Full Story