Dow Intraday Charts 20 Sept - 24 Sept

[ChartMan]

New week. Down 45 or so from Friday's close.

 

[tradesmart]

Nice triangle building up over Friday's session - at least the futs are giving us a clue which way it might break...........

Oil's progress http://www.trade2win.com/boards/showpost.php?p=128203&postcount=4 and the FOMC meeting at 19.15bst tomorrow will likely dominate the Dow this week imho.......

 

[FetteredChinos]

could be a good call that one TS

im still not sure which we we are going this week. but..at this early stage im expecting a bit more of a drop to circa 10,200 today, followed by a mini bounce back up to friday's close later today/tmr, before down again 'til wednesday to below 10,170.


of course, we could always get a narrow range day today to put a spanner in the works.


as always, trade what you see, not what you think.

FC

 

[dc2000]

Personally I would like to see a 150 pointer today :cheesy:
But as always what we want and what we get could be two different things

 

[FetteredChinos]

you still after that 10,159 dc??? dow comp ended last friday lol...

 

[dc2000]

That would be nice but 10135 would be better before reverse into close

 

[FetteredChinos]

why wouldnt you be looking at 10,200 ish for a long as per t'rules?

 

[dc2000]

My overnight long will be triggered at the target level

 

[FetteredChinos]

cryptic

 

[FetteredChinos]

right that is the first part of the plan in action. lets see what happens now.

long from 10,213 on the october future on capitalspreads platform.

stop at 10,113 (yes, i know) aiming for 10,280 region in the next day or so.

hmm..

FC

 

[ChartMan]

Long from 199 looks good....

 

[ChartMan]

Long from 199 looks good....

Not any more...

 

[tradesmart]

If we all chant 220 together - it might get there.........!.........

Ready..?.........220 - 220 - 220.........Louder..........!........... :-0

 

[ChartMan]

I think it heard you.... WD. :cheesy:

 

[tradesmart]

It was getting the message, but that big bear that lives at 210 took a swipe at it....... :|

 

[ChartMan]

Out for nowt

 

[justyn]

Remember that expanding triangle from last week?

Attached is the 10 min chart. I thought that triangle was history now but Friday's high and today's low have meant we now have four bounces off each line of the triangle..

I don't know if this is relevant or not? I just thought I would point it out.

Justyn.

 

[dc2000]

Expected more down than that, ah well a profit is a profit, theres always tomorrow

 

[justyn]

ND at point "A" provided a good entry with exit / reverse at "B".

The rest of the day confused me with ND at points C, D and E and after 19:00 when you might expect some movement we ended up with a choppy range of just 20 points.

I tried viewing the charts as a 1 min, 3 min, 5 min etc, etc to smooth out the RSI and kept seeing ND but no sign of a reversal. Maybe tomorrow?

Justyn.

 

[ChartMan]

Unexciting day but useful if you took some gambles.... the PD at the open and the short time ND top at 50 ...that would have run you for most of the day. Similar to my long at 199 just after 7 as I though the PD was coming good.... only to see it drop to 190 and creep back up to 210 where I closed for zero.

10 min chart sitting at horizontal and downtrend support. CCI @ -200 is usually support too....