Dow 2008

[dans_ya_man]

Second Half closed @ 10635 (+145)

Good trading Dinos

 

[keano]

well done dinos!

 

[catracho]

finally there..now what?

Closing in on target !!

10500 reached...bounce?

http://www.trade2win.com/boards/att...1216137551-dow-2008-dow-jones-industrial-.png

 

[Mr.J-Arthur]

Guys, the trend is DOWN

We are in recession and the USA is heading toward DEPRESSION. Short any rally days and hold. I hope you guys covered your shorts for the day, but we may just keep heading lower and lower...

9500 is possible. Hell, 8500 is possible!
Check what it takes to lock the markets...limit down days are like 20% moves I think! so dow could drop 20% if something really bad happened, then they would halt trading.

Jesse Livermore became filthy rich while shorting the depression.

 

[Dinos]

Points don't often come that quickly, but happy to take them.

 

[dans_ya_man]

Guys, the trend is DOWN

We are in recession and the USA is heading toward DEPRESSION. Short any rally days and hold. I hope you guys covered your shorts for the day, but we may just keep heading lower and lower...

9500 is possible. Hell, 8500 is possible!
Check what it takes to lock the markets...limit down days are like 20% moves I think! so dow could drop 20% if something really bad happened, then they would halt trading.

Jesse Livermore became filthy rich while shorting the depression.

I bet you wish you held your short now Mr J Arthur

 

[Dinos]

Guys, the trend is DOWN

We are in recession and the USA is heading toward DEPRESSION. Short any rally days and hold. I hope you guys covered your shorts for the day, but we may just keep heading lower and lower...

9500 is possible. Hell, 8500 is possible!
Check what it takes to lock the markets...limit down days are like 20% moves I think! so dow could drop 20% if something really bad happened, then they would halt trading.

Jesse Livermore became filthy rich while shorting the depression.

Agree, anything is possible, however, whilst shorting might be the natural choice, I trade the 5min timeframe, each day there are opportunities to trade, I suppose you could call it a micro trend within the overall general trend and is valid at that point in time, with a clear plan of action, entry, points target and exit, its fairly ok imho to trade either way, so long as your confident and your set up is robust. Just a thought, rather than manically shorting every rally, my last trade highlights what I mean.

 

[dans_ya_man]

Agree, anything is possible, however, whilst shorting might be the natural choice, I trade the 5min timeframe, each day there are opportunities to trade, I suppose you could call it a micro trend within the overall general trend and is valid at that point in time, with a clear plan of action, entry, points target and exit, its fairly ok imho to trade either way, so long as your confident and your set up is robust. Just a thought, rather than manically shorting every rally, my last trade highlights what I mean.

Agreed Dinos, in a strong bear trend you get some big drops which normally are followed by a sharp rise

 

[Dinos]

Look at the beast go now, I closed out happy with the points gained which far exceeded my target, so the proceed were gratefully received, however, the macd gap cearly showing further gain were in the offering, again goes to show don't have rigid pre-conceived views, if the conditions are met and your set up say trade, then trade, if your wrong, then your stop loss will save you.

Looking to see whether we are going to get a retracement from these levels again

 

[Mr.J-Arthur]

...the sharp rise is called a short squeeze, lol and those are good to short as well..!

 

[breadman]

i think we have just had the low for the year, or at least until the middle of November

 

[Dinos]

...the sharp rise is called a short squeeze, lol and those are good to short as well..!

yep, bring them on, hehe

 

[dans_ya_man]

Will be interesting to see if we give it all back again in the last hour like we did yesterday

 

[Dinos]

Gone short Dow 10732 at 18:54

 

[dans_ya_man]

Looks like the drinks are on Dinos again

 

[Kondaliev]

...one touch 10 800

 

[francisfinley]

You mean until we hit 9850?

Nothing personal, but with all this bottom fishing, this looks awfully familiar like EliteTrader.

still took off 100 pips matey....

 

[Dinos]

Gone short Dow 10732 at 18:54

Closed half at 19:38 @ 10652 (+80), other half to run
+20 stop locked in

 

[Dinos]

Change of Plan, closed final half at 19:41 @ 10632 (+100) and out for the night

 

[firewalker99]

still took off 100 pips matey....

You went long at 10650, saw price going as low as 10468 (almost -200), left it running on a gamble and you are proud that you took +100?

Way to go