Posts Tagged dow jones
![More trading on the DOW]()
I was actually looking to buy the DOW if it could get above 10330 but it didn't and started to look weak.
I shorted it manually at 10290 with a stop initially at 10314. It kinda dwindled for a while, obviously the S2 support line was providing support for it. When it start it make it's way upwards I was thinking.. oh well, another losing trading but as soon as it hit the pivot line, it fell and tanked a good 30 odd points.
My first target was 10260 but the DOW is rather volatile and when i
August 16, 2010
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![Thinking too much and trading]()
Today, I'm sad to say that I didn't listen to my instinct when it came to trading. I was being too clever and thinking about what the market was doing.
Look at the chart below. The market had hit the pivot point the first time and retraced. It then moved upwards and this was the time where I got back home and look at the market... it had retraced off the pivot and some strong movement up again towards it. I was a littl reluctant to put on the long as the pivot point was so close again when I
July 20, 2010
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![Trading the DOW after it's already made it's huge move!]()
I came back home and fancied a bit of trading.. my trading has been going ok lately and I've introduced some swing trading into my repetoire... I'll talk about that later but for now, let's concentrate on the DOW.
So, the DOW had already made a 150 odd gain and I got home wanting to grab some profits. The trend is up on the DOW so we're looking for long trades when the market retraces. The retraced happened off 10390 back down to 10350 and I had entered my trade a little early at 10360 where
July 13, 2010
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