Jump to content

Trade the Dow

Recommended Posts

Guess I should have trusted my levels and gone short when it turned on that resistance area , but the train has left the station now. but I have loads of potential support around 440, so see what happens if it gets there.

Link to post
Posted (edited)

Yep, like I said, Dow.s a bit boxed in between S&R, so no surprise to see the price come right back after that little drop.

Edited by Catweazle
Link to post

Been away from trading for a while so just getting my sights in or attempting to. Any Dow traders out there? Please feel free to contribute to this thread.

Link to post
Guest tommo

Dow tends to get most of the gains during periods where pension funds invest(payday cycles).12th-17th and 27th-3rd(next month).Other periods tend to be flat or negative..This theory has been back -tested 20+ years showing strong correlation( However sometimes you still lose..good stop loss is essential

Link to post
  • 2 weeks later...
Guest Ankit Jain-Official

Nasdaq100 and Dowjones weekly analysis and forecast uploaded for W3-Mar'21.

Watch out on YT channel : Ankit Jain-Official

Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • General Statistics

    • Total Topics
    • Total Posts
    • Total Members
    • Most Online
      14/01/21 09:51

    Newest Member
    Joined 15/05/21 07:09
  • Posts

    • Hi kinda interested in your margin problem, I trade very small cap shares in spread bet in both Uk and US, then the margin call is very rare as long as you have enough capital to cover the 80% falls that can occur with odd news. Have worked of Forex a lot and just find it too unstable. Just wondere if ant other person has this method. I would be interested to share ideas.   
    • By the way if its a system you want to demo or try, I trade US 500 and Russell Long only, with no stops, I would not trade with no stops for gold, oil etc but am happy to do it on US indices as nothing recovers as quickly as US markets, so if I am wrong i just hold it until it goes in profit again, when I am wrong I wait until market recovers, so sometimes when market has gone against me I have to wait 4 -8 weeks before it recovers but this way means no drawdowns only overnight currency charge which is minima. You need to trade wihin your accoutn to do this as you need to make sure your balance is big enough when you get it wrong. You could try it on IG demo account  to see if it worked for you.
    • Yes your balance needs to be above 0, that's your most important number don't fall into the trap of thinking if its above 0 you can put trades on, you can but your balance needs to be big enough that if they go against you, you are still above 0, if not you get messgage from IG to add funds to your account or IG will take you out of trades, so if you had a trade you wanted to keep on it would now be taken out as a loss as funds in balance are in minus. You need a big enough number left in the balance column that if your trades go against you you can still hold if you want to.
  • Create New...