DOW

Working to plan so far and looking good, enjoying this education from Remo!!

Remo, I assume you adding to your short will be at the back test of the 123 breakout at around 14537?

Short term trendline break and 123 high? Where next I wonder

Rossymc wrote: Remo

After following your trades on the DOW for sometime i can honestly say that you are a class act in trading it.

Patience respect and strategy is a great recipe for the daddy.

Thanks for the lessons RMc

Hi ross
I learnt the hard way
Thanks mate for your kind words.
As long as you respect this index then its beatable.If you over trade this then its a painful lesson. Been there
Key to the dow is patience and wait for the perfect entry. Some times means weeks with out a trade.

Remo

After following your trades on the DOW for sometime i can honestly say that you are a class act in trading it.

Patience respect and strategy is a great recipe for the daddy.

Thanks for the lessons RMc

CT79 wrote: Hi Remo,

may I ask what targets you have for your trade?

Thanks
CT79

Hi CT79
My first target was the trend line(short term) This already bounced today from there.If this can finish below that then it would open up lower prices.Id then look at 14383 followed by 14000.
Its a free bet for me now and i will look to add to the short if the trend line breaks.
The Marubozu played out perfectly on the dow. This pattern is one of my favorite candlestick patterns. They don't appear that often hence the importance.When ever i see this on the indexs i always trade them just like the way i said.Only thing with this pattern is a lot of people read it wrong.
As can be seen from my trade there was no hindsight involved
Please also remember that im a short term trader..

This bounced perfectly of the trend line