DOW

Remo, I noticed that you have ran your fib retracement from the Jan 21st high and not the higher high on the 31st Dec, does that mean you always run it from the breakdown area.

Possible short for the short term trade.
16070 is where my short is on a first attempt trade for today only.
by the end of today(9PM) my order will be cancelled as to risky to leave this over night.
for tomorrow ill have to re-evaluate .


dl.dropboxusercontent.com/u/4899609/dow11thfeb2014.png

Nice hammer on the dow...This is on the weekly chart


dl.dropboxusercontent.com/u/4899609/dow10thfeb2014.png
If the price comes down halfway down the hammer worth a long with stops below. Less risk this way..
some may buy on the breach of the hammer high but more risk this way. Both ways require the stop to be below the hammer..

The last 3 post shows the Perfect example of a first attempt trade and why its important not to attempt a second attempt on the same day.
The dow smashed through the second attempt


dl.dropboxusercontent.com/u/4899609/dow7thfeb20142.png

Free trade..
Dont short at the same level again as the first attempt worked perfectly.
To dangerous on the second attempt


dl.dropboxusercontent.com/u/4899609/dow7thfeb2011.png

Tactical short possible???
Im going to short the dow on a first attempt of 15703 with a 40 point stop.
This level was the breakout point.
This is for a quick day trade so only for the watchers.


dl.dropboxusercontent.com/u/4899609/dow7thfeb2014.png