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!
Last night I put on a short at 1.4983.. it was a lovely trade and one which I just closed at 1.4877 for +106 pips.
I was too tired to update my trade last night but I had shorted the GBPJPY at the red arrow. The Japanese candlestick shooting star was the indication for me that the prices were going lower and I had set a stop at 50 points and actually was looking at 150.90 as an exit which was just above the previous low made a few days ago. The market moved nicely down and when it moved 50 points, I moved my stop to breakeven and left it. However, it bounced up and hit my stop for zero points which was qu
