Dow Jones 17000?! - Time to short big?

[sashagulzar]

17,118 ... time to short?

 

[sashagulzar]

17,028 ... answer was yes lol

 

[Doomberg]

17,118 ... time to short?

Yeah Tuesday was the perfect time to short at exactly the level you said, i have a price alert system in my phone which went off and I had to ignore it as I was in a very important meeting. But I was pizzed off when I seen the charts when I got home.

Now is a good time to sell with a stop at 17120, 5 points above Fridays high

 

[Doomberg]

Short again

p.s I sold 5 mins before close on Friday expecting a gap down on open (it did) and then it filled the gap and went my way. I have already locked in 1k profit, if it breaks well below 17050 I'll move my stops to 17055 and lock in some more profit. And then I'd set my price alarm at 17005 and do same process again if it breaks below 17000. This could move quickly to 16910, but I don't count my chickens until I've caught them. Right now it's messing about at 17050, what happens here is important;

 

[Doomberg]

Closed all

Finished for the day +£4300, time for some lunch and then finish off my normal work.

Pic attached;

 

[sashagulzar]

Doomberg how you doing given the sharp blip down we've had today, almost a 260 point shoot down from 17,080 to 16,820 on the back of bad twitter news / maternity company poor results but good GDP data....just the FED announcement to go in 9 minutes.

Im personally long with a break even price of 16,859 at £40/point.

Currently 16,856

 

[sashagulzar]

Came good, cashed out - rose as high as 16,931 !

Profit taking/relaxing near the close with 16,856 being touched however was out jogging! Seems anything below 16,850 I would begin to buy long again to collect a position before US job announcements tomorrow at 1:30pm UK time.

 

[Trader333]

Doomberg,

Can you let me know who your broker is ?

 

[Doomberg]

Doomberg,

Can you let me know who your broker is ?

Broker is IG Index

And current price is 16772, however i'm not still short and i feel it's too late to enter now

 

[Doomberg]

Doomberg how you doing given the sharp blip down we've had today, almost a 260 point shoot down from 17,080 to 16,820 on the back of bad twitter news / maternity company poor results but good GDP data....just the FED announcement to go in 9 minutes.

Im personally long with a break even price of 16,859 at £40/point.

Currently 16,856

I missed the big fall, as i was at work and didn't even check my charts, looks like you may of lost a bit there if you held the position, hope you didn't lose too much if you did hold it

 

[Doomberg]

Doomberg,

Can you let me know who your broker is ?

Why is that important to you anyway buddy? And more importantly why did the other mods like the post? Are you doubting the things i've said?

 

[Trader333]

Not at all, it was a genuine question and I was interested to know if it was a SB company or DA. The others who liked the post commented, (as you can when liking a post) that they thought it was IG and that was all.

I think you have a good approach and I also have an interest in Shorting the Dow under certain conditions.

 

[lexcorp]

Why is that important to you anyway buddy? And more importantly why did the other mods like the post? Are you doubting the things i've said?

You Paranoid Mofo! :cheesy:

 

[counter_violent]

Why is that important to you anyway buddy? And more importantly why did the other mods like the post? Are you doubting the things i've said?

Information for T333

 

[tar]

Are you talking about me guys ?!

 

[counter_violent]

Are you talking about me guys ?!

 

[sashagulzar]

I missed the big fall, as i was at work and didn't even check my charts, looks like you may of lost a bit there if you held the position, hope you didn't lose too much if you did hold it

Hi no mate got out and am back in currently Dow Jones at break even price 16,685 at about £40/point hoping for a blip up before close!

Whats your opinion and are you holding any positions?

 

[sashagulzar]

Just got out at the small blip at 18:35 at 16,683 with a tiny £80 loss but overall still £150 up on the day - crikey! Am actually relieved with that as was permanently trading long to sell in a plummeting Dow Jones index!

 

[sashagulzar]

Am waiting to re-enter at 16,640 at £5/point doubling up every 10/15 point declin after that.

 

[Doomberg]

Just got out at the small blip at 18:35 at 16,683 with a tiny £80 loss but overall still £150 up on the day - crikey! Am actually relieved with that as was permanently trading long to sell in a plummeting Dow Jones index!

We'll done for getting out in profit