Dow 2008

[firewalker99]

I'm in short from 523.

Going to the gym...

that's a late entry, but should be ok
where's the stop?

 

[firewalker99]

Still holding, but it's hovering very long around 1835, but once the DOW breaks below 12530 this should move a lot faster down... first target 1827

out at 1827 for +18 points
everything according to plan

 

[smbtnt]

out at 1827 for +18 points
everything according to plan

wd fw

how does the NQ contract size equate to YM? about 1:5?

 

[firewalker99]

wd fw

how does the NQ contract size equate to YM? about 1:5?

1 point = 20$, so 1:4
so for comparison that's +72 on the YM.

I don't like shorting on breakouts, but on the NQ there was a break of support before there was one on the YM. I then waited for the opportunity to enter on a retracement back to the support now turned into resistance. See chart.

 

[brutusdog]

1 point = 20$, so 1:4
so for comparison that's +72 on the YM.

I don't like shorting on breakouts, but on the NQ there was a break of support before there was one on the YM. I then waited for the opportunity to enter on a retracement back to the support now turned into resistance. See chart.

great stuff fw.

gutted i wasn't at the screen to do the same thing.

 

[postman]

360 close tomorrow.

 

[postman]

I've taken a small short with a stop at 543 and will take another if we manage to get up to 530...

 

[dans_ya_man]

Stopped out at BE, thought she was going to free fall after breaking 500

 

[CJIA]

maybe test 12200 now the 12490 has been penetrated ?

 

[firewalker99]

great stuff fw.

gutted i wasn't at the screen to do the same thing.

Thanks. Might be a re-entry possibility for those looking for a short (see chart).

Although not my style, and shorting of trendlines can be a bit of a problem, especially since we are somewhere in the middle of nowhere between S/R now...

But might as well go back up to 540 testing resistance.

 

[firewalker99]

Actualy, I'd be surprised if we break 450 today. At least I hope not, than there's still some shorting left for me tomorrow

 

[firewalker99]

+20 members viewing this thread but only a handful posting?
Come on guys, let's be all part of the vibe

 

[postman]

Thanks. Might be a re-entry possibility for those looking for a short (see chart).

Although not my style, and shorting of trendlines can be a bit of a problem, especially since we are somewhere in the middle of nowhere between S/R now...

But might as well go back up to 540 testing resistance.

Good to see were thinking along the same lines. I have taken the trade though.

 

[brutusdog]

Good to see were thinking along the same lines. I have taken the trade though.

was looking at the same thing also just waiting to get an entry or a go at that res level of 530 cash. also something of a bear flag forming maybe kick off after lunch.

 

[black bear]

some left ................?

Actualy, I'd be surprised if we break 450 today. At least I hope not, than there's still some shorting left for me tomorrow

Hi Fw

Not so sure FW, Dow will hit a nice accending trend channel tomorrow (days)

I think .....

its up again, Ftse holding well to

we will see


Latter off out, back in time to see where it goes if anyware

Good trading:clover:

 

[postman]

maybe test 12200 now the 12490 has been penetrated ?

I can see a 260 closing level in a few days, so yes, we could test around the 200/240 level intraday.

 

[firewalker99]

It's clearly reacting to the trendline I've drawn in the previous chart.
Didn't take the trade though, don't like trading off diagonal lines, I mainly use them to determine when to exit a trade.

 

[Pat494]

$112.20 a barrel of the black stuff and expected to go higher

where's my bike ?

 

[Phil Mibbutz]

Monster 1m range bar, which might mean something.

 

[firewalker99]

$112.20 a barrel of the black stuff and expected to go higher

where's my bike ?

.