Posts Tagged trading dow

How I just grabbed a small fraction of the 300+ points on the Stock Market crash today

How I just grabbed a small fraction of the 300+ points on the Stock Market crash today

So it was an Obama victory and the Dow Jones fell over 300 points!! It was spectacular fall and a mass of profits to be made for those short. I actually had the perfect entry on this trade. I was short from 13230, near the close of yesterday candle. The market was in a downtrend on the Daily chart and you can see that the price had reject the 13300 level 3 times already and formed a resistance level. The thing about trading technical signals is that I don't really care about what's happeni

November 7, 2012 1 Comment Full Story

DOW looking ripe for selling?

DOW looking ripe for selling?

The DOW looks like it's reached a top, a triple top in fact... in the 4 hour chart below, you can see clear resistance where the market has bounced off this showing a pin bar. Looks like there are strong sellers here in the market and a potential place to go short. I have put on a sell at 13560, looking to take this 50 points down to 13510 (which is just above the support level you can see). 50 point stop also. This is a risk of 1% on my account.

September 24, 2012 No Comments Full Story

DOW looks toppy

DOW looks toppy

I'm doing my usual analysis of the markets taking signals and trades of the Daily timeframes. The one that looks interesting today is the DOW, see pic below: Now you have to bear caution as the market is clearly in an uptrend.. however, the price action over the past week, looking at the daily charts, shows us that there seems be a band of resistance where the price is unable to get beyond. Of course, the markets can do anything but this does look like a worthwhile trade taking a 1:1 risk

August 14, 2012 No Comments Full Story

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