Dow 2007

Atilla said:
Long @13670 - SL @ 13640

Target 13700
Click to expand...


SL seems to have been taken out. -30

Going short @ 13632. SL @ 13662

Target 13500


Will hover around terminal for the next hour to see what happens when afternoon session kicks off.
 
firewalker99 said:
Long futures 13650
Click to expand...

Exit +20 at 13670 and move stop to entry point (13650 futures). Trade lasted 1 hour and I was almost going to give up on it.

Needless to repeat myself but easy money for the longs again... can't even begin to remember when I last put on a shirt...errr short :LOL: :cheesy:

Edit: stop moved up to 13665 15 minutes later
 
Last edited:
Dowking said:
Anyone still short from yesterday? :(

I am Boo hoo - heres to a negative GDP number at 1.30pm today!
Click to expand...

Negative or not... "GDP shows slowest economic growth since '02"
seen what the market does to that?
it couldn't care less...
 
...as i said yesterday and today, nothing spooks the market anymore. a terrorist atrocity would be shaken off as shortlived: a dip in the market and then right back up. this market doesn't even need a reason ('excuse'?) to go up anymore:rolleyes:
 
These markets are not about fundamentals of the now. These markets are gathering for the future, scraping in every last penny, and when the shorts are burnt out, and people can't borrow any more and the grimness of the facts of today actually hit home (no more cheap money sloshing around)...that's when these markets will turn bear.

And that my dear bears could be next week, year or whenever.

At the moment though, shorting is massively against the odds.

You may as well go to your local casino.

Thanks.

700 cash before end of session.
 
Last edited:
Good Evening all.

Going to trade what is normally my most profitable time of the day, 6.00 till close, will post trades as they happen and share the results (good or bad)

Will post later
 
As per my chart, the longer term momentum is continuing upwards, however, a neg divergence on the macd histogram is continuing to build, perhaps one to watch as we creep higher. RSI's although not overbought, hanging around the upper regions.

I think good opportunities both long and short at the moment, perhaps short terms trades only at this stage. I will not hold any position overnight at this moment in time.

R1 at 13693, is offering good resistance, HoD at minute 13673, another to watch for.

Looking at EW principles, we could be at 5, if correct and ABC correction should be below 13600.

We will see,

by the way went short at 62 (cash) before i started typing this.
 
excellent trade there, well done, you deserve it. good astute observations you make in your previous post also. i am still short dow futures from yesterday:rolleyes:
 
Free, thanks, I tend to hold for a very short time due to my leveraged position, if I can lock in profits I will and let it run, however, today had the kids tea to cook, had I not had to I would have allowed this to run further.
 
2nd trade

short 13650 futures... small trade, I am not entirely convinced


edit: did I just say the s-word?! :eek:
 
...i haven't been 'convinced' about this market for a long time. but I've certainly been 'concerned' about it. still have not closed my short Dow futures...
 
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