....phew, good to hear JP, d'ya trade other instruments?....have been punting Dow also, but now exclusively FX....like you, tend to add into positions of late, and like the breathing space of tons of available dosh!....can be a 'killer' when these mothers spike!!
I agree, currently short and will get out 20 ticks above the uptrend line which started on 30th. Should be 1.2550 - 80. Will watch for a reversal from there then ride it back up. That's the plan anyhow!
Re: Darktone I think dividing capital by 500 is fairly conservative if you're playing for 30 - 200 tick runs with tight stops. I started with 333 but the losses became too distracting. Would rather build up slower with less stress!
p.s. I'm also checking 200 day MA at around 2550. If that holds I agree with GG 1.3 then 1.34 in very near future.