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5 years 11 months ago #16355 by remo
Replied by remo on topic DOW
It’s going to be a crazy day again....
I’ve added to my shorts on Dow and expect the main trend line to be tested very soon...That’s at around 21000...it may even get tested today lol ...
I’ve been trying to trade both ways in the markets and have got burnt in the process...doh....Now I’m just going to short on any ralllies and try and build up short positions......As my previous methods have clearly not worked as well as I thought it would...so stick to trading the trend.....
I will go long on a first attempt of main trend line while having shorts still open if it gets there just Incase....I don’t want to be out of my shorts for the time being as media are now telling everyone it’s a bear market...They are always late to the party so people will really start to panic...

Take care and be safe.....
Ps....stock up on dry foods just Incase the worst happens....
The following user(s) said Thank You: annes goal, Greville, Libero, chief66

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5 years 11 months ago - 5 years 11 months ago #16353 by Trendfriend
Replied by Trendfriend on topic DOW
Wow... :ohmy:

big move yesterday....and today looks like it could be the same....suddenly that 21700 looks to be in sight....
dow - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...QfsY5PkF2GzrNf6Qiy8=

have to see how the rsi is looking at dow open...but at this moment we do have a bullish rsi divergence...
so i may take a long on at 21700...with very tight stops....which is against the trend...but lets see... :unsure:

atb, wdik, dyor,
trendfriend :)
Last edit: 5 years 11 months ago by Trendfriend.
The following user(s) said Thank You: Greville, Syrian Empire

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5 years 11 months ago #16347 by Trendfriend
Replied by Trendfriend on topic DOW
dow - weekly.
uk.advfn.com/p.php?pid=chartscreenshotsh...7zHWe1aIkxBcme9WrZw=

side stepping this today....especially after yesterday roller coaster day...

looking to get short buy only if get below 941....and restest and hold below imvho....
i think we will spend another day or two bouncing of that area....and then a big move straight down to 21700....but wdik...so lets see...

Maybe tomorrow, Friday or Mon....a big down day...coming soon imvho...

atb, wdik, dyor,
trendfriend :)
The following user(s) said Thank You: longterm_view, chief66, cautious tone

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5 years 11 months ago #16345 by longterm_view
Replied by longterm_view on topic DOW
Looks like a 1-2-3 low, is forming on the hour chart.

Can’t post a chart, till morning.

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5 years 11 months ago #16344 by Trendfriend
Replied by Trendfriend on topic DOW
doesn't look to be in the mood for gap filling today.... :unsure:

So looking at shorting into weakness....so 23930 the 200 day ema line on the weekly....if we go below that i'm order to short there... with a stop above todays high

with a second short at 23705....yesterdays low...

lets see..

atb, wdik, dyor,
trendfriend :)
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5 years 11 months ago #16343 by Paitech
Replied by Paitech on topic DOW
Links are working fine for me
The following user(s) said Thank You: Trendfriend

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