Do you like the trades, the range is broken, you wait for it to pull back then if it forms a doji or other reversal type candle such as a spinning top or an hammer, you take the plunge with the SL set at the top of the reversal candle. ever that was from either the top or the bottom of the range depending on the side it breaks. Newtron Bombs doing, KISS.
At this moment in time the Dow is not giving me any signals, I personally am finding it too choppy to trade the Dow at the moment. I will keep plugging away, but I want another intraday tool for the kit bag. I like the idea of trading the currencies as it is a market always available to you. I've always liked the FX arena, and if I worked as a full time trader that is the most likely area for me to trade. I know of a few strategies, but work will not allow me to acces MT4, VT or D4F s will work with Oanda. particularly like the idea of trading off the back of Asia. So far it's working ok, but it's very very early days. Essentially, I diversify and look at different markets so that my thirst for knowledge continues and I am able to trade more than one methodology successfully. Essentially, when it comes to intraday, when the well of the dow dries up, I don't want to have to walk too far away to go and get some water.
Another tough day for me, small points loss - 13 negative today, but I did have connectivity problems both at work and here at home. Resulted in me taking small losses this evening that I would have hung onto had I not been struggling with my connectivity. I'd post a chart for the evening, but not able to, it went with the connection and quite frankly, I can't be arsed fartin around drafting another now. What I will say, there appeared to be quite a bit of divergence between the cash and the future in this evenings session.
Sauvignon in the chiller tonight, have fun folks and speak tomorrow.
Chris