Archive for the Emini futures Category
Usually I really don't like trading the Dow as there is always a lot of short term noise which tend to mess up your trades by whipsawing the price action beyond your stops and then reversing. The main reason I guess is because the Dow Jones average is comprised of just the 30 biggest stocks and movement within the biggest one can move the markets.. in other words, market manipulation with the Dow Jones is not unheard of.
Anyway, I did place a couple of trades.. firstly a short at 10908 which
September 23, 2008
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Following on from my earlier FTSE trade of today, I also spotted a perfect entry for the Dow Jones today.. it's a shame that I didn't trade it as it would have been extremely profitable.. it's nice when the markets hit a perfect resistance line and short.. however, these perfect hits are rare and look great if you have executed them in the right manner.. however, more often than not, if you saw this movement, the markets wouldn't behave.
However, I did short the Dow for a quick scalp trade wh
September 22, 2008
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The short entry was a good one.. however, in light of the strong uptrend I wanted to get out as soon as it hit any resistance and I got out at the round number 11600. The stochastics were also way into oversold territory so I got out and grabbed a measly 10 points.
The market however, fell further and is currently at 11583... trust my luck!! The hardest thing I think about trading is knowing when to get out.. I think it's much more difficult than entering.
The other day, I gave up over 1
August 22, 2008
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