Bid A-Tool
Active member
- Messages
- 150
- Likes
- 1
Over the next year I am going to try and predict each and every DOW turning point (FOR SWING TRADERS). This will be based on only two technical indicators I am using (slightly modified) for my own use. It's actually the combination of these two indicators that gives the accuracy. The predictions will not include any News Stories, Oil prices or any other factors. This is purely technical analysis. There will be a "Stop Loss" order of around 75 points on entry. No trade will be entered until about 9:10pm after the close of trading.
Please DO NOT use real money in any of these trade. If you do so it will be at your own risk. (This system is being tested) If you want to play along then please use the CFD simulator (see at the bottom). Unfortunately you are unable to use "Stop Loss" orders for a trade on the simulator.
NO responsibility will be accepted if you use real money.
What do you think the DOW will do you traders (SWING TRADING)?
The predictions will appear below in RED when they are posted.
DATE: 17 April 2006 9:00pm
At the close of trading today, the indicators have confirmed a reversal (RISE - GO LONG) is on it's way. (Dow) an imminent rise.
How long it's duration or strength or how many points it will rise, I am unable to say.
Bid A-Tool
CLOSE above Long position. DOW presently at 11,384. 311 point profit.
DATE: 24th April 2006 9:03pm
At the close of trading today, the indicators have confirmed a reversal (FALL - GO SHORT) is on it's way.
How long it's duration or strength or how many points it will fall, I am unable to say.
Trade entered (Sell order) DOW: 11,340
Stop loss entered just above the Last High (Logical): Maximum position loss in this trade 80 points or less. Stop shall be moved closer to entry point if the trade moves in our favour.
UPDATE: 25th April 2005. 7:47pm I have now moved my "Stop Loss" to 11,340 (Entry point) for the last trade. This trade can no longer be called a Loss trade if it was to hit that level. This trade CANCELLED itself because the DOW moved against us the next day. NO MONEY LOST IN THIS TRADE.
Bid A-Tool
NEW SHORT POSITION: LAST TRADE NO LOSS
DATE: 26th April 2006 7:04pm
As of the date and time above, the indicators have confirmed a reversal (FALL - GO SHORT) is on it's way.
How long it's duration or strength or how many points it will fall, I am unable to say.
Trade entered (Sell order) DOW: 11,366
Stop loss entered just above the Last High (Logical) 11,420: Maximum position loss in this trade 54 points or less.
O.K. Traders. Do you like a challenge? If so, go to this website http://www.iii.co.uk/cfd/?type=simulator
Then go to "Launch" button. A Window will "pop" up. Click Apply to open a CFD Trading account. You will be given a simulated £10,000 (I do NOT want anyone to use real money from these Buy & Sell signals I am giving or the strategy I employ alongside them). This system has been back tested over a year.
The trading plan and method is just before END of DAY trading on the DOW. This is not a Day trading system but a system that lets you live your life and not be sat a computer screen all day watching the DOW going up and down. Each trade could last up to 14 days before closing all positions for hopefully a profit. Some can last longer than this.
This system will teach you discipline and unemotional trading. If after 12 months the simulated £10,000 is below £10,000 then you can say I have failed. For this system to work you must follow ever trade exactly when prompted.
PLAN THE TRADE. TRADE THE PLAN.
Last edited:
