Dow 2006

Oh it will go there

and I forgot the FTSE at 5749 but not looking to short that yet

Been delayed and just got back in to see all the responses, so thanks to Pat494, Frugi, Macbonzo, Mark Twain, Kriesau, Slapshot and FC for your comments .

Just to let you know if your interested, since i didnt get in until 9:30 and SB Nikkei closes at 9 i'll be letting it run overnight , but while i was out i was thinking about doing this anyway and am comfortable with it.

Overall ive decided to let it run as thanks to FC reminding me, i think the conditions for why i got in are still right. Trading style is normally hold for a few days. I've tried intra day with some small degree of success but i'm not really good or lucky enough to pick intra day highs lows at the mo. Also i have this thing called 'work' i have to do during the day , very annoying, so don't have the time to sit and watch constantly.

I will let run, likely for at least a couple more days, continuing with my trailing stop and a buffer, but will also keep an eye out to scale out (higher placed longs first) should things change.

Thanks again, hope we can all get at least 900+ points on the next trade (except for Slapshot - i'm guessing you dont get out of bed for anything less than four figures )

Dow still liking dem parallel channel seen.

Some of the lines (LH chart) benefit from being greased with hindsight; even so most of the important ones could (and can usually) be sketched in real time to help locate one or two potential low-risk entry / exit / reverse decision points, especially if the geometry concurs. Chuck in a lower time frame to sharpen the turns and it's possible to stay in the water for hours with 5 point stops, though doing so as ineptly as me sure racks up the old commissions too.

I hate to admit it but looking at the daily I'd be tempted to trade a breakout either way.

LOL! I wish!

Just lucky with that one I guess, I wish there were more of them. Maybe I should trade the markets which are open when I'm asleep as I seem to have more success than those that are open when I'm awake!!

not such a wild idea as it sounds

i remember trying that a couple of times as well,nothing like waking up with a cup of coffee and a stop hit notification from your sb company,damn those japanese markets move fast!

I would

not just yet...

i think Sharon is due to die over the weekend, and that could trigger a bit of a sell off on monday..

obviously my thoughts are with his family etc, but trading has to be objective...