DIA will go up after the election .... regardless of who wins.Like the title suggests, the DIA will go up after the election, regardless of who wins. I do NOT trade based on events, I trade on what I see in the charts.
I just started to use the Heikin Ashi candlesticks on my charts as I find they can show a definite trend direction just with the candlesticks themselves. Typically, you are supposed to wait until there are 2 green Heikin Ashi candlesticks before entering the market. (I am still learning about the Heikin Ashi Candlesticks.)
If you look at the indicators on the daily chart, specifically the DMI, Stochastic RSI, and the MacD, you can see that they are starting to shift to indicate a bullish move. Typically, I used the half hour, the hourly and the four-hour chart indicators to confirm that this is indeed a bullish move. As long as all of those indicators align to confirm a trend, then I am in.
I find the 5 minute indicators show what will happen in the next half hour, the 10 minute indicators show what will happen in the next hour, the half hour indicators show what will happen in the daily charts and the hour indicators will show what will happen over the next few days. (My opinion, not fact)
Typically, the moves in the DIA in the previous months have been about 25 pts to 30 pts which will give a target of about 442. Coincidentally, this is a fibonacci number of 1.618. I use the fibonacci numbers as a loose target or an approximation of a target.The DIA should hit this target around November 25th, just before US Thanksgiving. The move in the previous months lasted approximately 14 days. It may move up slightly after Thanksgiving as the move has typically extended to 30 points.
I trade simple ... if I can't see the trade in a few simple steps, then this is not the trade for me.
Also, I explain my trades in more detail for me, not for you. Repetition is the key for me. If I repeat it over enough in my head, it will more likely stick.
Happy Trading everyone!!! :-)
