Trading the DOW futures market
I got home today and decided to see if I could quickly scalp the DOW jones. You can see that the market fell shortly after the open and bounced back up a little. I was looking for a long trade if the market went above the previous high. I had an order at 10385 and was looking to ride it as far as possible, selling out as soon as I felt some resistance in the market.
Well, the order triggered and went up nicely… the first port of resistance was the big round number at 10400 and I got out around there. With the spread and everything else, I actually just got 12 points. The market can easily go higher or lower from here…. I am never comfortable with the Dow, it generally robs me of money!
Still, a profit is not to be sniffed at!
