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5 years 11 months ago #16376 by Trendfriend
Replied by Trendfriend on topic DOW
dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...ONbNobOhER60v4LEjN4=

strong support at 21700....now it has come back above that level....it should hold imvho....for a rally before the next leg down....but wdik...

atb
trendfriend :)

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5 years 11 months ago - 5 years 11 months ago #16375 by Trendfriend
Replied by Trendfriend on topic DOW
just gone long at 21711.
stop 300 for now!


biggy so wish me luck....bullish div on rsi...so due a bounce imvho...

atb,wdik,dyor,
trendfriend
Last edit: 5 years 11 months ago by Trendfriend.

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5 years 11 months ago #16373 by remo
Replied by remo on topic DOW
Just had to close all my positions on the short side ...as just looked and the market just rebounded over a 1000 points ....
This was happening while I was typing...lol...
Dam....that will teach me to post while trading...dohhh...
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5 years 11 months ago #16372 by remo
Replied by remo on topic DOW

Libero wrote: interesting times (again!)

Can we even short this market - IG was having problems with logging in a few times.... :dry:

In any case, stay safe people - and dare I say, some stocks look good for picking (or at least watching!) - not all of them find a base at the same time an index does.





Yes you can short this crazy market, I’ve been doing just that all day long...
But it requires constant looking as the swings are pretty crazy and will need to monitor
I’ve been using 5min and 1 min charts to short....longer time frames are to hard for day trading as the moves just don’t show up clearly on the hourly..
I’ve been shorting based of lower lows and exiting when a higher high turns up...pretty intense thou as can’t leave positions on for too long un monitored
The hardest thing now is when to close some of my shorts from the other day to bank some serious profit...
Right now I’m just adding shorts for really short term trading and may leave some of my bigger shorts open for a tad longer..
So basically banking my day trades but keeping longer term shorts still in play...
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5 years 11 months ago #16368 by Libero
Replied by Libero on topic DOW
interesting times (again!)

Can we even short this market - IG was having problems with logging in a few times.... :dry:

In any case, stay safe people - and dare I say, some stocks look good for picking (or at least watching!) - not all of them find a base at the same time an index does.

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5 years 11 months ago #16362 by Trendfriend
Replied by Trendfriend on topic DOW
wow :ohmy: :ohmy: :ohmy:

this has effectively gapped below 21700....which was a key support level... :sick:
it now looks like the US market has been suspended...

this is going down....way down...

18000 door has been opened imvho...

atb
trendfriend
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