Dow 2007

[lurkerlurker]

Long 502 futures. Target 522.

Out 486 (-15).

 

[Atilla]

Long 502 futures. Target 522.

There goes my -30 pips.

Switched to short @52.

 

[Dinos]

Out -15

 

[lurkerlurker]

Out -15

There goes my -30 pips.

Switched to short @52.

Easy enough trade to take guys. Looks like we are all starting from a loss then...

The clue was the failure to fill the opening gap, although it looked to me like a pullback to a higher low. I'm not trading this until things become clearer (S/R established).

I'm calling a trend day. Tick is having real trouble breaking above zero, and the ES, YM, and NQ are down strongly.

 

[firewalker99]

long 13450 fut

 

[lurkerlurker]

Too lazy to explain this in detail, but look at the 15 minute charts. Failure to break above the premarket resistence, break of strong support twice, etc.

 

[lurkerlurker]

long 13450 fut

oooh, a contrarian! Maybe you got a nice price there. I wouldn't take a long until I get some more confirmation. Flat at the moment.

 

[Atilla]

Out -15

Close short @ 13330. Pulled back +22 down -8 on the DOW now.

 

[Dinos]

Long 28 cash

 

[lurkerlurker]

long 13450 fut

There is a gravestone doji on the 5 minute, but with low volume. Was that your entry? Or did you spot the 2 period tick divergence?

 

[firewalker99]

long 13450 fut

exit completely at 13470 = +20
(no scaling out, I tend to agree with Atilla we could see a downtrending day)

 

[2468steve]

it should try and get back inside 340 cash......short 1 more @ 47

 

[firewalker99]

There is a gravestone doji on the 5 minute, but with low volume. Was that your entry?

I already had a limit order bidding at that price from the previous bar, then used a market order to get in.

 

[lurkerlurker]

Long 69 futures.

 

[2468steve]

I notice the Dax a'int really joining in the fun.....holding up ok

 

[firewalker99]

I notice the Dax a'int really joining in the fun.....holding up ok

yes... very akward... it was holding stationary all the way through the dow plunge :|

 

[lurkerlurker]

Long 69 futures.

Out 70. +1 chicken****.

Well, not really chicken, it was an intentional scalp, but I was wanting +3 (but I was too slow of the mark to claim it)

 

[Atilla]

yes... very akward... it was holding stationary all the way through the dow plunge :|

I have a hunch a move to 13310 is brewing before support kicks in. Not sure if I should short. If 350 holds it's going back down imo.

Agree about the DAX. Now it's moving up. We might see a little tug of war between the two.

I reckon DOW wants to go down and so short again @ 13337. SL @ 13357 - (C)

 

[lurkerlurker]

Interesting volume on the 5 min bars. Less lots changing hands as the price increases. That's not very bullish now, is it?

NYSE $Tick has just plummeted to almost -900, near LOD. Interesting. We have a downtrend accross the tops of $Tick bars, and volume. If I can sell at 70 I will.

 

[lurkerlurker]

I was quoted 13468 on the bid for a split second, and tried to sell it but the price went to 13567 as I hit confirm. Bugger. If I get another chance at that price I'll doubt my short entry.