lurkerlurker
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paper short 290 with a 20 point stop. Target PDC.
Stop moved to BE. Paper order to sell 1 more at 60 just filled. Target PDC.
paper short 290 with a 20 point stop. Target PDC.
Given a low volume Santa rally we could see the 20 day ma cross the 50 day ma within the next 6 trading days (at around 13440). This would be a major bullish signal.
Of course if you printed this off it could be better-used as toilet paper on Tuesday night if the Dow doesn’t close above 13320 that day.
I will be closing my remaining short early Monday looking to go long at anything under 250, and taking a second long late Tuesday if I’m not printing this off and heading for the …
146 to 047
paper short 290 with a 20 point stop. Target PDC.
Dow? Were you saying you expected it to drop down to 13047 at 13146?
regards.
Evening all
why not hold on to your earlier trade? it was a good entry after all...
sometimes you can lose all the profits of the earlier trade by doing more than is needed :|
I know it was on paper, but that's really beside the point.
Dinos is very disciplined in that manner. He walks away after a profit and quits for the day. Much respect for the way he handles it. Also less screentime needed.
Volume dried up on that last 5M bar. No sellers yet, and no buyers at this level. Perhaps price will be properly supported around 260. If that level goes, we're clear for 20 points to the downside.
No more DOW trades for me today, for those who have in interest in Forex, AUD/USD & USD?CAD setting up nicely for a long sometime soon, sorry I digress, not this thread.
Off to watch Arsenal v Blackburn cup match, happy trading all. Bye
No more DOW trades for me today, for those who have in interest in Forex, AUD/USD & USD?CAD setting up nicely for a long sometime soon, sorry I digress, not this thread.
Off to watch Arsenal v Blackburn cup match, happy trading all. Bye
When you least expect it...
Too right mate, trust it to bounce when I thought it was doing so nicely heading to 13000.
Looking at the 4 hour charts now I'm thinking any breach of 13280-300 is likely to be bullish up turn to possibly 13400 and maybe test of 13500 again. Any rejection of a breakout and 13000 is still in target range. Although my Fibonaci 61% is showing 13127 so I may have miscalculated over the weekend. I hope you don't hold 13089 against me :cheesy: What's 13089 amongts friends eh?
Also, I think the European and UK banks carrying out a very strong push to ease liquidity. I think I read 500bn or there abouts being pumped into the banks to lend to companies. Are these people freaking nuts or what...? :-0 I have no idea but what can they possibly expect solve by such action other than a controlled soft landing. I would have eased liquidity in phases keeping the tempo up.
We were taken out to lunch this evening by our agents and John the owner has very good contacts with the city banks and institutions. It is like a barometer of what's round the corner. When the city recruits it's a sure good sign. When they don't you know next year is not going to be orange. John's verdict at the moment was it depends on who you talk to.
So I'd guess that means 50/50. Hence, some people out there (Lehman brothers was mentioned) feel we may pull out of this crises with concerted action by US and European Bank easing liquidity.
On the other side he said some people are saying that the situation is a lot worse than is being let on, especially in the US.
So draw from these sentences what you will. 50/50 or nobody knows outcome...
I had a long on from 100 points off what will be the bottom for at least a week, and I covered it for +30. I should close my trading account and use the proceeds to buy premium bonds.
Stick out for another year mate and next year you'll be closing them when you are +300 up.
You'll get 2% return on your premium bonds with a max limit of £20K...