Posts Tagged shorting the dow

Two small scalps for the day on the Financial Markets

Two small scalps for the day on the Financial Markets

The markets have been rather choppy where pullbacks have been quite large. I've been focusing on the 15 minute charts to grab a few pips here and there. Here is what I did today. My first trade was crude oil. I could see that a 'W' pattern had formed in the 15 minutes. I had talked about the W pattern before in previous posts on the blog.. you can read one here: http://www.makemesomemoney.co.uk/2011/09/01/the-w-pattern-in-oil-price/ It's basically the market finding support. I went

December 12, 2011 No Comments Full Story

31st March 2010 – DOW short

31st March 2010 - DOW short

You can see the triple top set up on the 5 minute Dow with the Pivot being the resistance. A good point to short so  had a short order at 10887 and rode it down to 10855. My original target was 10840 but hey, I'm still in profit.

March 31, 2010 No Comments Full Story

Daytrading the DOW

Daytrading the DOW

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 No Comments Full Story

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