Posts Tagged trading blog
![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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![Nice day for the 4-to-7 trading system.. not so nice for me]()
The chart is show above.. the upper and lower lines are at 14937 and the lower line 14844. This looks like simple short for profits.
It was.. however, for me, I didn't wait until 7am finished and my first trade was a long at 14927 which obviously ended in a loss!
The loss was 50 pips and my gain on the short was 30 pips.. totalling -20 for the day!
June 21, 2010
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