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Zarif

Had a good day today with 129 point gain on dow with a mix of shorts and longs. Waiting to after 7.30pm we will see a further sell off.

orky

andy I am sending you an email.
Maybe it will help in the decision and timing process.

rgds
zarif

currently short dow. Will see if it tanks till close or will hold it with a wide stop.
Time will tell, and if it goes against me will have scars to prove that I had been in the fray.

Wonder what the dow is going to do to us today.
Imho i think we will see higher prices in the beginning of session and then from 16.30 to 19.00 will be not going anywhere but sideways and then hopefully a sell off in the last two hours but more so near the last hour with a spike up around 20.30gmt.
But then again it can do anything and still be right.The best strategy in my opinion is to short the mini rallies -remember the old adage "the trend is your friend till the end until the bend" so dont go to bottom picking as u will end up with smelly fingers!!!!!!

rgds
zarif

Zarif

I agree that the dow will proabably sell off tonight, but lets wait and see

orky dow testing 9950 at present.

Hi Zarif & Orky

Have been trading/learning the dow for the past couple of months and have followed your excellent posts with great interest.

Had a reasonable June due to trading in a rough range between 10300 & 10400, but can't seem to get my head around spotting a short trend. Therefore, have been sitting around in July with my money firmly on the sideline waiting to come in and play.

Can I ask you two questions:
~ Do you have any basic tips or strategies which you feel I should adopt &
~ How low do you think the dow can tumble?

Once again, excellent and informative posts and very much appreciated.

Regards.

Mark.

Marc

I think Zarif is best placed to comment, but good luck anyway

Mark, check out the Dow Chart link in the header.
Let me know what you think.

markP
Have been busy at the weekend will send you a PM after via mam.

MarkP:
You internal mail Buttton via mam is not there.
Can you send me internal mail with your email and will send you info that u need.

rgds
zarif

What does everybody think at the opening of the dow. It seems primed to me to go up in the first few hours of trade

Orky I feel they will try to push prices higher but it will be short lived.I would day it is safer to short the mini rallies that it produces.

Ig index site is down so am using the capital spreads one.What a piece of bother sometimes malkes u wonder if its deliberate as at the end of the day they are kind of Bookies and will use any trick in the book to be qualified as "crooks" I think we should name some market days as "crooksdays" when it is blatantly obvious whats going on.

rgds
zarif

Managed a quick 70pts on the dow and out just watching.
As i said earlier it is safer to short the mini rallies.
trade wisely and safely.
rgds
zarif

Where is everybody today? All the threads are quiet -just going to nip in Gds Cafe and cause a bit of Havoc.

The support at 9915 held very well and gave a good bounce.But i didnot take the trade.I have shorted it from the top again and am watching now to see if it retests the 9915.And this time if holds may just take a small scalp long.
Thats the plan lets see if it pans out.

rgds
zarif

looking for a sell off this evening.

Hi, Zarif. Just looking in. Had a few points from Cable earlier, but not brave enough to risk the Dow. You have to be so quick and decisive - and I'm not, at least I don't think I am; not sure! By the way I don't think my IG went down today. Suspect the Dow may well dive later - but I only follow trends, and not what I think any more. Cos I'm always wrong!

Hi Snoball
Really like the chart on the header, its a great guide and very helpful ~ is it updated every Friday?

Hi Zarif
Have sent you a PM with my contact details ~ thanks for taking the time to help.

Hope you've all had a good day so far today.

Regards.

Mark.