Archive for July 8th, 2008

Bagged some profits trading the Dow Jones..

Bagged some profits trading the Dow Jones..

I entered this trade after seeing downtrend pattern in the 5 min charts looking to turn. The stochastics were also oversold and looking to head upwards. In the 1 minute chart, the 20 minute moving average line (which was functioning as resistance) became support and I traded off a bounce and got in at 11244. The market soon shot up and bounced off 11300 and I closed out at 11286 for +42. The market has since reached 11360 which is another 74 points which I missed out on! I bagged my pro

July 8, 2008 No Comments Full Story