DOW

I reckon that was the end of wave A of 4. Any views?

Tell me about it. I had considerable success trading indices in March/April. Volatility provided by Italian elections and Cyprus situation were catalysts.
I got carried away, started to trade impulsively, and paid the price.
Now, I am relearning T/A's, and doing mock trades.Intensive practice and then start trading again.
your website is helping a lot.

on the dow i always place 40 point stops.
That dow trade stop has already activated
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 .

Hello Remo,
Do you always place a 40 pt stop ?

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.

dl.dropboxusercontent.com/u/4899609/dow5thjune.png

+div on 60min