Posts Tagged trading the dow

DOW trade stopped and then fell.. would have hit my target!

DOW trade stopped and then fell.. would have hit my target!

This was most annoying. I had sold the DOW last night as you know with a 50 point stop and target. The price moved up and took out my stop before it plumetted.. it would have hit my target as you can see nicely. It's always difficult to know where to put your stop.. it can always be either too tight or too far away.. you just have to stick to your plan. In fact, I think in the coming days we may see lower prices.. all markets seem primed to move lower but they will do what they need to do

September 25, 2012 No Comments Full Story

Another losing Trade, this time on the DOW – so close to being a winner!

Another losing Trade, this time on the DOW - so close to being a winner!

When you suffer a loss trading, your confidence takes a beating and this can cause you to make a mistake and lose. However, in hindsight, the below trade I placed on the DOW was a great entry but my stop was way too tight and I felt that this was probably because of the previous loss on USDCAD which made me more nervous than usual and I put the stop way too close to the previous resistance level at 10915. My stop was at 10920 and ideally at least should be at least 20 points away from the previo

December 19, 2011 4 Comments Full Story

The Perfect Trading Setup which proved not to be Perfect

The Perfect Trading Setup which proved not to be Perfect

Today I saw a beauty of a set up on the DOW .. the price action had made a double top and not only that, the daily pivot proved to be a good resistance line.. it screamed a short and so placed my trade looking to take the trade down to 11800. However, with markets, anything can happen and this is what actually happened... yes, the market actually went up to hit my stop and I ended up nursing a 30 pip hit. That's the thing about markets, you just never know what can happen and a newbie mis

December 15, 2011 1 Comment Full Story

« Older Entries