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12 years 8 months ago #6512 by remo
Replied by remo on topic DOW
on the dow i always place 40 point stops.
That dow trade stop has already activated :angry: :angry:
With the dow and currency markets its best to use around 40 point stop due to the volatility.
If theres no stops attached then it can become emotional :ohmy: :ohmy: .
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12 years 8 months ago #6511 by Traderme
Replied by Traderme on topic DOW
Hello Remo,
Do you always place a 40 pt stop ?

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12 years 8 months ago - 12 years 8 months ago #6510 by remo
Replied by remo on topic DOW
Im already long on this with a 40 point stop on a first attempt basis.
Its currently fighting The trend line support.
this is a day trade for me and a bit risky as its not the main trend line support. :evil:

dl.dropboxusercontent.com/u/4899609/dow5thjune.png
Last edit: 12 years 8 months ago by remo.
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12 years 8 months ago #6508 by WaveSurfer
Replied by WaveSurfer on topic DOW
+div on 60min

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12 years 8 months ago #6504 by Jackozy
Replied by Jackozy on topic DOW
I wouldn't be at all surprised to see 14534 here based on this wave count, the 38 Fib and the support from the wave 4 subwave low at 14444:



dl.dropboxusercontent.com/u/20815047/FTS...Dowdaily05_06_13.gif
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12 years 8 months ago #6502 by jonamacg83
Replied by jonamacg83 on topic DOW
Isn't the chart below showing a H&S top? seems like it retested on the chart below and now should head down towards the target?

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