Thursday, 14 July 2011

Dow Jones Analysis

Dont trade the indices much these days but theres a nice bearish inside bar setup on the daily timeframe. A break below the bigger mother candle which will be below resistance and a bigger fall is on. Trend is now down. Order placed as per below on Aug contract

STOP: 12453
ENTRY: 12333
LIMIT: 12093

RISK/REWARD: 2/1

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1 comment:

  1. Tee Man17 July 2011 at 21:16

    got taken out by the spike on the bell on friday.

    Lesson learnt here not to use spreadbet charts for price action as there was no inside bars

    ReplyDelete

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