Posts Tagged dow

Shorted DOW after it’s retracement

Shorted DOW after it's retracement

The DOW was clearly in a downtrend today but when I got to the charts, it was retracing and I looked for an entry to go short. I went short around 10610 after the retracement make a double top in the 5 minute charts (also stochastics has peaked). The first support line was at the pivot point S2 but nothing happened and the market broke through this relatively easily. I was also conscious that stochastics were at a low too and would look to making some move upwards so when the market hit 10585, I

August 10, 2010 No Comments Full Story

The Fake DOW triple top

The Fake DOW triple top

Wow, the DOW really made a significant move today... it shot up and by the time I got home, I had missed all the action. However, the market had consolidated around the 10350 level. The market had made such a tremendous move that I couldn't see it moving much higher. Hence my short, I saw a triple top form around 10350 in the 5 minute charts and sold at 10340 with a 20 point stop. However, it proved to be a fake and stopped me out.. it just broke and made a high for the day and then moved bac

July 22, 2010 1 Comment Full Story

Check out the last few days of daytrading results!

Check out the last few days of daytrading results!

Hi all, I've not been as diligent lately updating the blog with my entries and exits and posting my results. However, rest assured I'm still trading... much more so in fact. I am running a few trading strategies all at once on different markets and it's been working out very nicely so far. On the GBPUSD I've managed to grab around 300 pips. The USDJPY, I've grabbed 50 pips and then some points on the DOW jones. My profit table is looking very nice for the last few days... if only it's a

July 19, 2010 No Comments Full Story

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