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!
Forex trading can be a 24 hour endeavour and depending on the time of the day that you're looking at the markets can determine what you should be trading. Obviously, it is best to trade with the markets that are most busy as they will be liquid markets and allow you to place trades in a liquid and more true market. However, just what is the best instrument to trade at the time that you're looking? Well, this is the question that I asked myself and off I went to compile a quite chart on when bes
I can't believe it, the DOW made over 900 points in todays trading session, a gain of over 11%!! WOW, this is the biggest ever one day gain I have ever seen! Sometimes I wish I had the capital to trade these markets.. this would have been a serious payday. The past week, we had seen the biggest drop on the US and UK (and probably other markets but I only primarily follow the UK and US markets). I hope this stabilises the markets and that we see further upside.. however, it is possible that
