DOW

Hi Amo
Im not short on the dow as i never trade the dow in pre-market .
I only ever trade this during market hours only.
Also i like to trade at key levels when the price approaches it from a far and not when its very close to it.The dow closed at 13649 on friday and that is way to close to attempt a short during market hours on the following trading day.
I used to trade the dow outside of market hours many moons ago but my stops were getting hit and made alot of losses due to it.So i adapted my trading to be done during market hours only and an attempt from a far works the best.
The dow is only beatable if you respect it. Dont ever over trade this index as its not forgiving.
Patients is the key to beating the beast. Trade from key levels only.
Im planning on going short when the dow closes below the previous days low from current levels.

down below 13571
up above 13662

The above two areas are just a guide to what to expect and not actual trades play.

dyor

Amo wrote: Hi Remo,

Are you short on this mate? If so good luck

Amo

If the dow does break past 13662 then the head and shoulders pattern i was on about becomes void and then look to 14200 before any shorts.
13662 is an important number and if it does get broken then the dow should head towards the all time high.
You have to be flexable when trading the dow. Infact trading full stop.

I'm surprised no one mentioned this today.....lol

2 numbers to keep an eye today for the dow for further upside

13784
13853

yesterday close triggered another buy signal on the daily, that doesn't mean it can pull-back before it gets bought again to:

13684
13618
13584

-div also seen on some time frames chart, however in wave 3's these can last for some considerable time and negate.

Spx terms im looking at 1499/1507 before we get a pullback to 1485 - 1472 and finish of int Wave 3 1523 -1550 for now.

1472 - line in the sand.

WaveSurfer wrote: 2 numbers to keep an eye today for the dow for further upside

13784
13853

yesterday close triggered another buy signal on the daily, that doesn't mean it can pull-back before it gets bought again to:

13684
13618
13584

-div also seen on some time frames chart, however in wave 3's these can last for some considerable time and negate.

Spx terms im looking at 1499/1507 before we get a pullback to 1485 - 1472 and finish of int Wave 3 1523 -1550 for now.

1472 - line in the sand.