Mini Dow daytrading

[gedward3]

you better off looking at market profile, VAH VAL etc

Genics,

You recommend any books or websites that go mor into details with MP.
I know i can buy an add on for NT for a couple a hundred dollars that
shows something similar to MP

Ged

 

[viclondon]

Short at 8202 on long red candle breaking support and cross of 5min 8 and 21 MA.
Let's if this gap will be filled

 

[viclondon]

Theres a perfecting buyin or selling op now because the price is on the trendline
depending which way you look at it. I just put a buy in with a 25 point
stop.

Have a look at this site for Different types pivots

mini-sized Dow ($5) Futures June 2009

Ged

Thanks for the link, but I already knew that website.
The thing for me is that there are too many different PP. How can they be effective if there is no consensus on their position?

 

[gedward3]

Short at 8202 on long red candle breaking support and cross of 5min 8 and 21 MA.
Let's if this gap will be filled

Im thinking it may just be squeezing the stops out before resuming on its trendline.

I hope :whistling

 

[viclondon]

Target 8167, where for once the mid point form TS and CBOT lie in the same position

 

[viclondon]

Im thinking it may just be squeezing the stops out before resuming on its trendline.

I hope :whistling

You are prolly right, as this week I get everything wrong

 

[viclondon]

What about moving averages? Do you guys use them at all?

 

[viclondon]

Target hit for 35 points

 

[viclondon]

Now looking to reenter short if there is a pluu back with target closing of the gap

 

[viclondon]

Short again at 8152 on break of mid point and Tick increasing, target 8124 for gap closing

 

[viclondon]

Closed at 8126 for 26 points gain

 

[viclondon]

Now there is a very funny area of support with weekly and monthly S1, DP form TS and from CBOT all within 30 points.
I will buy at around 8115

 

[viclondon]

Or in case of double bottom or hammer a bit further up

 

[viclondon]

Filled for a long at 8113 as there seems to be a lot of support. Target 8159

 

[viclondon]

Closed at 8153 +40

 

[viclondon]

Short at 8138 for double top on mid point. Target 8114. Just a quick scalp

 

[viclondon]

The DT was also on the 38.2 Fib

 

[viclondon]

Just stopped out for -20. Wow that was quick. A bit of a trade out of boredom, not enough risk/reward, should not do that

 

[N Rothschild]

Genics,

You recommend any books or websites that go mor into details with MP.
I know i can buy an add on for NT for a couple a hundred dollars that
shows something similar to MP

Ged

dunno tbh, have a look in the trade2win book store at the top of the page

 

[Trader333]

In my view trading during the lunchtime session is fraught with danger as liquidity drops a lot.


Paul