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 profits trading the Dow but as usual, I failed to capitalise… still, +42 isn’t bad!

Make Me Some Money - DOW Jones

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Category: Forex trading, Make Me Some Money Ideas, Spreadbetting, Trading