Dow Intraday charts 03/11 - 07/11

neil

Legendary member
A+

Nice one....I used 2min chart and 34ema...lower highs and in at 9857.

I like your logic, it shows how signs add up for a move.

And CM's 100ema still points the way.

But I can only give you 9 out of ten in case it provokes envy :cheesy:
 

lockstock

Well-known member
A move up anyone? Just got in so not trading. Looked like 9,760 was a safe entry point with a tight SL.
 

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mombasa

Established member
i've been shorting up until an hour ago - does look like support at 9760 - but i'm chickening out now - don't wanna lose my gains today - lets see what happens later.

plus that little dbl top at 780 and weak RSI/price doodah put me off.
 

tradesmart

Experienced member
LockStock,

Went long at 17.00 9760 and close for 10pnts at mini D/T that Mom mentioned.

Now long again 19.30 9760 - seems to have more omphh this time - might make a bounce to 9810ish before more down?

Regards, TS
 

lockstock

Well-known member
Yep,

Had to be a quick in & out trade CCI was falling, yet price went to 9780.

I have a set up on D4f where I just have the 10 & 50 ema (INDU)
& nothing else on the chart, just 2 lines, it's amazing how clear trading becomes & how it saves you from making stupid knee jerk trades.
 

lockstock

Well-known member
Couple of bearish triangles, CCI divergence- S&P down @ recent
support level 1045/6.
 

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mombasa

Established member
Lockstock,

Nice spot of the triangles - didn't see them on my normal intraday chart but stands out loud and clear on the compressed time scale - must make a note of this :)

Cheers - vote added BTW.
 
 
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