Get started

Dowjonesindustrial

DJI Dow Jones SHORT Critical Situation Longs Breaks 26750 ?Dow Jones are right now in a decision mode. 26750 is the key Level which must hold for Long in a Longtime View. In shorttime we are ahsort since 26980 broke with 2 supports. Now there is the Long Trendline in BLUE which is in danger Watch out these and the 26750 Level to decide the direction. For new Longs in short timeframe we must climb above 26870 Good trades If you want to support my work please like them... and if you want to know more about my trading style please send my a boardmail. Renkotrade
TVC:DJIShort
by Renkotrade
DOW JONES/SPX500 - EU woke up with a strong downwards moveHello traders I. Wisdom of the day I heard a lot of trading saying that trading INDICES (CFD) is only interesting when the USA wakes up. Nothing could be further from the truth... It's not common knowledge that the DOW JONES/SPX500 often give an interesting move when the Europeans wake up. This interesting trade often happens between 6:30 and 8:30 am (UTC+2) II. Why a 1-minute chart? This is not a scalping trading method, it's intraday and based on smoothed indicators for entering in a strong trend only. The Algorithm Builder method won't give more than 3/5 trades per day even. Those are the most secure trades possible because: - the system waits for a strong confirmation and will avoid the fakeouts - the 1 minute allows to enter very early. This point is crucial. I made it so that to enter early but with a minimum of security. III. Signals of the day 3.1 Morning trade No trade is easy. Especially when I just woke up, signal given in front of supports but... you know the drill... What's a decent way to reduce one's risk? Answer : Wait for a pullback. I usually wait for a pullback near the EMA(20) - symbolized by the red circles on my screenshot. Pullbacks and invalidations are keys to reduce one's risk - which put more weight on the opportunity side of the opportunity/risk scale 3.2 Afternoon trades The first signal was in front of resistances and against a leading trend. A leading trend in a bigger timeframe also increases the trade security => less risk IV. Last words Do you think that looking first to decrease the risk and then capturing the opportunity is the way to go? All the best, Dave
FX:US30Education
by Daveatt
2
DOW (DJI) rejected at 27K again, market topping outThe winter is coming. As everyone can see the index is failing at making higher highs, the dips are shallow, but the conviction is not there, there is just no room to rally. We reached the TOP. RSI showing weakness in the bull market. Expecting a correction to around 25300, then a low volume rally to retest some of the former highs, and then, the long awaited freefall in early 2020. This is the last time we are seeing Dow above 200-day MA for a long time, once it breaks down it won't get above it swiftly. The bear season begins with the daily close below 200 day MA or a flash crash we can't foresee atm. Whoever longs this after such an overextended bullmarket cycle is just delusional. A marginal higher high to stop out everyone already shorting and then a crash is a possibility as well, although I wouldn't bet on it. It seems like everyone hopes they can sell to somebody else once the panic kicks in. The thing is, the theatre is getting more and more crowded... yet the exit door stay the same.
TVC:DJIShort
by NecRose
Classic Double TopShit is about to get real in the legacy markets. Get your shorting game down fellas. Its gonna be a great rest of the year for shorts. If there is no Fed intervention and QE begins to prop up the market then it may hold up but I doubt it.. This is pressure that has been building up in legacy markets for quite some time now and I dont this that the capital flight out of legacy will be able to be supplemented adequately relative to the sell offs moving forward. A long position can not be justified as there is little margin for error. If I know this, then so do much smarter, and richer people. Only irrationality can justify a long trade. Watch for metals and mining stocks to skyrocket from here on out. God Speed Gents, Mr. Manbearpig
TVC:DJIShort
by MrLucifer7
Historical Analysis of the DIAHistorical Analysis and Monthly Chart : The DIA showing Strong Major Bull Trednd with serveral interaction with the Return Line (RL). Note the Pick in Momentum since February 2016 (or B3), the next Major bottom made above the Major Trend Line (MUT), and therfore showing the failure of the Bears to take the price downward. But, we dont see strong sign of buyers either. The DIA is inside big Consolidation that lasted for almost 2 years (since Oct 17). Weekly Chart : The Resistance Area between 265.88 - 267.53 Established in Jan 2018, the second attempt to go above that level accured 1 year ago (Sep 2018) and the reaction was very violent and took the price to far down levels. Since then the price hit the Resistance Area 3 Times : 1) April 2019 - the price got into resistance reaction and made New High Bottom. 2) June 2019 - the price go through the Resistance Area, Failed to continue, and made new higher bottom bellow that level. 3) September 2019 (these days) - the price close above the area last week, but with relatively low volume. We need to keep an eye on the price this week and look for the power of the buyers, how far they can take the price up (if any). Notice also the Volume Activity in the Consolidation Area - Pickup on down moves, and diminsh on the Rallies - weakness . Daily Chart : The Daily chart does not give us alot of new information. But we can see the Trading Zone (sort of Rectangle), and the price movement above it. The Minor picture is Bullish. Conclusion : Since B4, the overall picture looks positive. But the Key for understanding the coming moves relly on the reaction to the Resistance Area, and the examination of the Bulls Power. Any High Volume Bullish Activity above the Resistance Area, can take us again to the Return Line (RL). If we will see Second Failure on the Resistance Zone,we need to examine the power of the Beats, and the next areas to look for are the bottom of the trading zone, and B4.1. If the Bears will act Aggresivley and take the price bellow B4.1, the picture is very negative and the next level is the MUT.
AMEX:DIA
by Ido_Havazelet