Posts Tagged dow falls

Another losing Trade, this time on the DOW – so close to being a winner!

Another losing Trade, this time on the DOW - so close to being a winner!

When you suffer a loss trading, your confidence takes a beating and this can cause you to make a mistake and lose. However, in hindsight, the below trade I placed on the DOW was a great entry but my stop was way too tight and I felt that this was probably because of the previous loss on USDCAD which made me more nervous than usual and I put the stop way too close to the previous resistance level at 10915. My stop was at 10920 and ideally at least should be at least 20 points away from the previo

December 19, 2011 4 Comments Full Story

DOW falls heavily – are we now looking at the start of a huge move down?

DOW falls heavily - are we now looking at the start of a huge move down?

The below is the daily chart of the DOW and that it had made a double top formation a few days back. Following this, the market started going lower and yesterday I was looking for a break at the previous low as indicated. This happened and I had a short at 12460 The market fell and was looking to fall soon but after a major break, I was expected a retracement to happen far later than it did and I ended closing on the retracement for 40 points only for the market to fall further in the US

July 28, 2011 No Comments Full Story