DOW

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

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.

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

Isn't the US market closed today for Martin Luther King Day?

Hi Remo,

Are you short on this mate? If so good luck

Amo

I always use a 40 point stop when I trade the Dow . This is due to the crazy moves it's capable off.
If you use tighter stops on the Dow then you are likely to get taken out. I used to use 20 points a long time ago but it kept bailing me out then head in my direction .i find 40 points works best for my style of trading.
Everyones different.