Dow 2007

[Pat494]

I guess your guardian angel saved you from a short a few hours ago.
Yoohoo FW
Hope that Belgian genious clocks in soon ? Always worth listening to.

 

[Atilla]

DAX has sure risen a lot already, with immediate strength from the opening this morning, so probabilities favour more upside on DOW for me.

I reckon 13050 is on the cards by 6pm and then some profit taking to test resillience.

Amazon are also reporting good figures.

Nasdaq leading is a good sign according to my text books.

 

[Atilla]

I reckon 13050 is on the cards by 6pm and then some profit taking to test resillience.

Amazon are also reporting good figures.

Nasdaq leading is a good sign according to my text books.

Just shorted on the DOW @ 12998 based on pinocchios nose on the 10min charts.

SL ? thinking about it.
Target ? thinking about it.

 

[Dinos]

MACD Histo Negative Divergence, Histogram crossover, my other 2 indicators ready to confirm short entry, and in

 

[81supertrader]

Not short until 12994 retrace confirm. One more serge and will profit take.

 

[81supertrader]

12994 hit short now

 

[Pat494]

Complete lock-out at Fins so something must be cooking !

 

[firewalker99]

I guess your guardian angel saved you from a short a few hours ago.
Yoohoo FW
Hope that Belgian genious clocks in soon ? Always worth listening to.

Well err... everybody else here is taking shorts...
I'm actually long from 13030 (June futures price).
I think that's about 50 offset to cash (12980) or close to yesterday's high anyway

 

[Dinos]

FWIW, the EMA set at (8 & 21) has crossed down, my other indicators at the moment pointing down, if the momentum drop of the ema continues, should be able to keep a position open until a MACD Histogram poitive and crossover. Spanner in the works could be the oil inventories, which having released housing data, no doubt will be good.

 

[Atilla]

Complete lock-out at Fins so something must be cooking !

Pinochios nose on pin bars are good one to remember and easy to scalp.

Still watching on 10 min charts. So far so good.

There was a flurry of activity and still heading due south. Hanging in there.

Just considering shorting oil now up at $65

 

[Dinos]

On the 1 min, the ema (8) still gaining momentum, nothing to suggest a change of direction yet.

 

[firewalker99]

Just shorted on the DOW @ 12998 based on pinocchios nose on the 10min charts.

SL ? thinking about it.
Target ? thinking about it.

Yes, shorts were the good thing to do... I admit I'm wrong this time

 

[Atilla]

Yes, shorts were the good thing to do... I admit I'm wrong this time

Closed position at 12,972.

Will watch the BB break out to the down side.

Got my eye on oil now. I think it's going to drop below $65.

 

[Dinos]

Panning out, slant histo building, ema running flat, macd still negative, trix negative, ready to close position.

 

[Pat494]

Bloomberg says fire in City. Perhaps Fins were really cooking. Still shut

 

[Dinos]

Out for +18, will wait till after oil for next trade

 

[Atilla]

Out for +18, will wait till after oil for next trade

Hi Dinos, I always think oil follows DOW and SPX with a little time lag. When DOW falls or US economic activity looks like going down oil falls and vice-er-versa. I've made a few trades in such scenarios scalping oil quite nicely. I don't have the nerve to stay in for long periods though.

I'm out of everything and just watching now.

 

[Dinos]

Atilla, agree, just watching and waiting at moment,

 

[Dinos]

shorting opportunity highlighted, to weak at moment, wait for further momentum

 

[firewalker99]

I'm having another go at a long from 13030