Still not much value in a trade here and again looking for extremes to trade for 20 point returns.
Range possibly 5720 - 5640 again.
5720 is the absolute key. A challenge and hold of this level means there is further bull to come.
Watching market open, if there is a spike down to 5660 may take a long position.
Summary. Had a poor opening this morning after anticipating immediate challenge of 5720 by FTSE and lost a reasonable number of points.
Recovered half of losses by some short term scalping trades.
Then went long on Dow this afternoon 12320 stake * 0.66 and closed at 12380. Made a nice profit on that trade.
Dow challenging the downward resistance line at 12420 on this hourly chart now. Interesting and maybe woth a short if reaches.
No comments:
Post a Comment