cj12's Dow Trades

[cj12]

We out of the long trade for 59 points on $10

And We now short $20 @10471 we BUY BACK $10 @ 10420 use a 120 stop for today


....................Update trade 1 long 10412 out @ 10512 + 100 points
................................trade 2 long 10412 out @ 10471 + 59 points

start bank of $5000
$6590

CJ

 

[cj12]

Update we still short from 1047,,stop 120 points away.

Yes i know it looks bad at the moment



CJ

 

[jslee]

Thanks for the posts CJ. The markets are having great dificulty with the 10600. Basically there's no value anywhere and people are starting to see through Greenspan's delusions.

Keep Going !
Jane

 

[cj12]

The signals Im posting up are an old method of mine that i trade some 10 years back which i dont (TRADE ANYMORE) so just watch them out of intrest we will move stop up a little to 10615 as i think this could be topping and we would look double up and go short more AT 10615 sound scary ha.

Yesterday i said go short at 10471, in my new approach i went long at 10486 out at 10528
i was tempet to post up and say we get out of the 10471 short trade.But this is test to see if my old approch still works and i wont mix my new emethod with the old, that be defeating the object

Remember I don't trade this method my self and you shouldn't also.Im not selling nothing or tying to look smart It just a test to see if this method still works, remember I was trading this in the great bull of the 90s.

CJ

 

[jslee]

Sure just watching but agree with a likely topping situation. We all traded everything in the great bull of the 90's until it turned out to be great bull in reality.

Jane

 

[cj12]

Just a though for you all, they say 90 to 95% loss in trading. But 75 to 80% are right on the direction of the market at the start of The trade.WHEN THEY ENTER THE MARKET., But what lets them down is how they manage they trade when filled,

CJ

 

[mombasa]

CJ - keep it up - all very interesting.

 

[cj12]

Update

We short form 10471 stop and revers @10615 Not looking good at the moment the Dow index cash was never able to break through the solid 10,600 resistance level,

If we break 10615 mini future I would look for 10735 target. If we break
Remember I don't trade this old method anymore.

CJ

 

[cj12]

Update

I have decided to get out of the short at 10471 now flat at 10523 for a loss 52 points

CJ

 

[cj12]

All trades are based on spread betting thats what I used when trading this method. As the stops are big and we try to catch the big moves s/p will be ok for this.

so far 100 points profit 10 a point
59 points profit 10 a point
52 points loss 20 a point

start bank 5000
last 6590
new 5550

from here i work with a level stake easier to follow for you

CJ

 

[cj12]

Gone long the march Dow at 10515 stop at 10440

CJ

 

[suggy]

somebody posting a loss on a trading website? Am I seeing things? Nice to see a bit of reality enter the equation. Good stuff mate interesting to see how things are working out in your old system.

 

[jslee]

Cj

Nobody expects 100% I think what you're doing is excellent. People are too stop loss happy these days and more often than not get stopped too soon. No one gets entries and exits exactly right, If I had a penny for every time I thought "I wish I'd waited" I'd have £8.47 by now.

Jane

 

[cj12]

Reversed gone short at 10502 from long at 10515, stop 10550,

CJ

 

[cj12]

update

so far 100 points profit
59 points profit
52 points loss
13 points loss

 

[cj12]

Update

I have reversed and gone long at 10510 from being short from 10505 today.

so long 10510 stop 10455

CJ

 

[cj12]

Update

move stop to break-even we get out on the close today. funny market today, see that massive spike it could be for real but it also could be trying to fool trades anyhow we in for a free ride till the close

Position long from 10510 stop now at 10510

CJ

 

[cj12]

Update

Long from 10510 Hold overnight
stop also at 10510

Trades
100 points profit
59 points profit
52 points loss
13 points loss
5 points loss
90 points profit still in the trade

CJ

 

[jslee]

CJ
I've gone short Dow today. Are you still long ?

Jane

 

[cj12]

Hi Jane

Yes im still long from 10510, I will review the position at around 2,00pm UK time

what price are you short from Jane.

CJ