I've been scalping DOW recently but more trading Cable and EurUsd at the mo.
Looking for the next big wave down really. It's simply that after the big falls last year some pull back is inevitable imo.
Long term I have cable @ 1.30, EurUsd @ 1.50 and DOW at 7500 and lower. Short term I'm just enjoying these momentous time
yeh i looked at everything recently i did a hell of a lot of research over crimbo. i came out with still trading the dow & ftse. i read nearly every forum & book going.
Going back to the very basics was the key. kiss - keep it simple stupid.
i was interested by eurusd V usdchf and the effect it has on everything else. cable was interesting but found forex a bit too choppy. gbpchf vs eurgbp is mental if you get it right.
gone back to my cmc charts as metatrader just does not work for me for indices - i just cant resist trading with metatrader whereas with my basic cmc charts i do much, much better as i stay out of the market as i just trade 30min charts with a 50ema and momentum indicator, thats it.
if you trade eurusd V usdchf, metatrader is very good using pivots. try fibo_piv3 from forex tsd, awesome stuff!! best thing to do is get up 6.30am and trade before you go to work till 7.30am ish. usually get direction from the euro market open 7am GMT. theres a few people on trade2win who do that.
most metatrader indicators are merely a representation of being above or below an MA or a pivot. had a look into market profile the other night thats pretty interesting.
with regard to dow have you seen the recession comparison charts? we are on that ledge at the mo 8000 - 7500.. epic.
