I have looked for 'croc' epic in the investors room (not traders room as I do not subscribe) for the 19/7 but am unable to see anything. Am i in the wrong place?
hello all:
Dow breaking 10k level today in early trade and still no help from the big boys.
I think better to watch out for whipsaws and imho reckon will take direction proper after 18.00hrs and 19.30 -21.00 i reckon will have a waterfall down -well i hope it does.
So far good day: Managed a good short on the dow. then a long and am just watching now.
Closed along on the cable earlier after tearing my hair out yesterday and got out today with a 30pip profit in that trade.
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!!!!!!
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.