Posts Tagged dow
![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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![Trading the DOW futures market]()
I got home today and decided to see if I could quickly scalp the DOW jones. You can see that the market fell shortly after the open and bounced back up a little. I was looking for a long trade if the market went above the previous high. I had an order at 10385 and was looking to ride it as far as possible, selling out as soon as I felt some resistance in the market.
Well, the order triggered and went up nicely... the first port of resistance was the big round number at 10400 and I got out aro
June 17, 2010
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I shorted the DOW when it broke the trendline at 9740 or so.. however, it wasn't the perfect entry as the market bounced from this area of support to go north... I had a stop at 9780 which was the previous high but nonetheless, my short wasn't ideal as short trades should be entered on a long countertrend.
I had to watch the market go against me 30 points or so before it tanked.. it went past my entry point and I took profits at the round number 9700 for 40 points which wasn't bad. However, t
September 30, 2009
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