DOW

With the upcoming Fed Meeting, tonight could be the night for this trade:



I'm in if it hits 15,703.79 or thereabouts (at the mercy of IG Markets).

Here's hoping for the same result as the previous trade (at 16,174.51); Fish 'n' Chips never tasted so good that evening!

Good luck all!

Patients is required with this index and you should not over trade this.
If you only trade at key areas then better chance of success with the dow


dl.dropboxusercontent.com/u/4899609/dow25thjan2014.png

This is approaching strong support at 15704. Ill be going long during market hours only with a 40 point stop.This is a first attempt trade only.

dl.dropboxusercontent.com/u/7238706/Wall...Cash%20%284hr%29.png

For the scalpers; a possible long coming.
This is my 4hr chart and there is a chance this may turn at 15,830ish and retrace to the 16,060 area to form wave (iv) of (( c )).
This is just my view so please DYOR.....

Like yourself Remo, I'm watching this one...

Back to Jan 17, my position was set at 16,174.51, but hey, I'll take 16,175 too!

Now, it is just a question of will it "come to daddy". A caveat however: if the velocity of the decline is too powerful, then surely 40 pts won't be sufficient, or the other side might suggest a deeper correction.

Possible long coming.
Im looking to go long during market hours only at 16175 .
This is a first attempt trade and is the level where the dow broke out from.
Im using a 40 point stop.
stops are a must


dl.dropboxusercontent.com/u/4899609/dow23rdjan2014.png

My take on the DOW. These are Daily charts and they cover quite a large date range so they are split into two views; the C wave being the latter view; the B wave being the earlier view....

dl.dropboxusercontent.com/u/7238706/DOWwaveC.png

....to be clear, I'm not saying the pullback will occur now, merely that it is due and I would expect it to be around 23.6% of wave ((iii)). If this is the start of the pullback then I would expect it to finish around 15300.

This is the earlier view of wave B around the 2009 dip...


dl.dropboxusercontent.com/u/7238706/DOWwaveB.png

This is just my view and my way of labeling, which I know not everyone agrees with, so DYOR...