Dow 2008

dc2000 · Jan 1, 2008

New year with new buying opp
Pesonally Im looking to start buying early and hold some positions into Febuary the down side of this is that I will also be looking for a decrease in volatility after the first week ish lasting for most of the first quarter

dc2000 · Jan 2, 2008

so far so good with 90+ points onside, 1st significant fig to the upside is 13967 random? or 5.8%

Atilla · Jan 2, 2008

dc2000 said:
so far so good with 90+ points onside, 1st significant fig to the upside is 13967 random? or 5.8%

That is a very brave call DC. I still have the DOW trending down on the daily charts - in a 13000-500 range. Anything above 13550 is likely to break the current SR lines. On the hourly charts I have 13300 as resistance.

That is a very high target imo. Any time periods on that call?

I'm flat at the mo and waiting for some guidance from the markets and the Fed...

Good trading everyone...

BigK · Jan 2, 2008

dc2000 said:
New year with new buying opp
Pesonally Im looking to start buying early and hold some positions into Febuary the down side of this is that I will also be looking for a decrease in volatility after the first week ish lasting for most of the first quarter

maybe you could post the rules for taking this trade(s) in this thread?

firewalker99 · Jan 2, 2008

Atilla said:
That is a very brave call DC. I still have the DOW trending down on the daily charts - in a 13000-500 range. Anything above 13550 is likely to break the current SR lines. On the hourly charts I have 13300 as resistance.

For a downtrend to be in place, we need to have lower highs and lower lows. This isn't the case. If anything, we've been in a sideways consolidation for last couple of months (on larger timeframe), which still has the possibility of setting us up to break 14000.

Btw, we had a strong bounce of support overnight on the DOW. That was my buying cue but unfortunately I was asleep :| Let's see how she goes today, but last couple of days have been down on pretty low volume.

Dinos · Jan 2, 2008

Ouch, hope nobody got stung there, huge drop, why I like the sidelines on news release, now to look to see if I can get an entry

firewalker99 · Jan 2, 2008

Dinos said:
Ouch, hope nobody got stung there, huge drop, why I like the sidelines on news release, now to look to see if I can get an entry

well it's right down to support... so, long again for me 13230 fut

Dinos · Jan 2, 2008

Long 64 (CASH)

Devilicus · Jan 2, 2008

Long 13155 Cash

firewalker99 · Jan 2, 2008

firewalker99 said:
well it's right down to support... so, long again for me 13230 fut

out -20... good finish to 2007, but bad start to 2008 :|

cambridgedon · Jan 2, 2008

When are Fed minutes published today?

firewalker99 · Jan 2, 2008

cambridgedon said:
When are Fed minutes published today?

3 hours and 12 minutes from now
T2W Trading Community on the main page: 'Economic calendar'
or directly through T2W Trading Forums - Calendar

See also Forex Calendar @ Forex Factory

cambridgedon · Jan 2, 2008

Thanks firewalker! I don't know my way around the site yet.

cambridgedon · Jan 2, 2008

Out of cash Dow -25. Bummer!

Phil Mibbutz · Jan 2, 2008

Quite a convincing bounce off 13,100. 12,800 might be the next stop if it heads down again now, though?

firewalker99 · Jan 2, 2008

Phil Mibbutz said:
Quite a convincing bounce off 13,100. 12,800 might be the next stop if it heads down again now, though?

Bounce? Where? When?

13150 fut potential buy... I'm in with small size

Phil Mibbutz · Jan 2, 2008

firewalker99 said:
Bounce? Where? When?

13150 fut potential buy... I'm in with small size

Yes, false alarm. When I posted it had bounced by about 25pt, but downward service soon resumed. Looks more promising for northerly travel again now, perhaps?

firewalker99 · Jan 2, 2008

Phil Mibbutz said:
Yes, false alarm. When I posted it had bounced by about 25pt, but downward service soon resumed. Looks more promising for northerly travel again now, perhaps?

hmm, no more buying from me, will wait for FOMC...

Dinos · Jan 2, 2008

Oh dear, went out with stop in place, got back to see closed out, not a good start to 2008 on the dow. Oh well, theres always tomorrow. hehe.

cambridgedon · Jan 2, 2008

Long Dow cash 13050.

Dow 2008

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