Posts Tagged dow jones
![False break on the DOW]()
Well, back to trading the DOW, I was looking scalp for a few points and initially had my mind fixed on taking 30 points...
I was looking to see if the DOW would break below the S1 pivot point which was also a support line the DOW had responded to earlier. I place my entry at 9694 just to be sure it was lower than the previous low point set. The market gave me my trade and it went nicely the right direction.. I had set my limit to be 9664.
The market however didn't want to give me my 30 poi
July 1, 2010
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![DOW intraday trading]()
Stalking the DOW again today.. I am primarily looking for quick profits. I was going to write quick and easy but trading isn't all that easy. However, if you can sense where the momentum is, you can get behind it and ride it a few points. I'm happy to grab a few points where I can and get out as soon as I sense that momentum has run out. I just don't trust the Dow, any sign of uncertainty... GET OUT!!!
I put an order to get in at 10320 today and it hit. I was aware of overhead resistance at 1
June 23, 2010
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![DOW scalp trade for a few points]()
I thought I'd have another go at the DOW today since my forex trading yielded a -20 result. I needed to find a way to top up my account!
The Dow was moving lower and you can see the resistance line I drew in. The market was bouncing to this line before heading lower. However, at the blue arrow, the market broke the resistance line and I was looking at a possible long entry at 10532. Luckily for me this did happen as the market tanked. I wasn't flexible enough to short at this stage here so I
June 21, 2010
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