DOW - PA, Stops and hedging

In support of pump&dump and dump&pump cycle have a look at the link below, and if you have traded last Friday, examine your emotions and perception of what was going on. If you have unsolvable problem with comprehension and its unstable or difficult to measure state, I highly recommend studying Brett N. Steenbarger, and the application of emvawe software. It might be a bit old approach, long time ago I have found it useful and very applicable including trading. There might be a lot of other and newer stuff out there I do not know about.
While on the subject on self development, I highly recommend Jordan Peterson and what he and his team are offering.
"Thinking fast and slow " Daniel Kahneman's book is also a very important study.

If you can recall your feeling about the market and trading, read the article below, you might come to the conclusion - "what all of it was about"
https://www.breitbart.com/economy/20...-as-it-looked/


On a wider subject of finance management and equality of opportunity and many other useful stuff I often recommend two books, Rich dad, poor dad, by Robert Kiyosaki, and The Richest man in Babylon, by George Samuel Clason that in addition and on the top of the most important one.

Have a great weekend and time allowing do something of substance which is likely to bring a good harvest.
2be

Charts speak by themselves

I am away until 20th May
So far DOW has kept the upwards trend very convincingly!!!

Shorting DOW 40055
PT 150 points

Adding to the short 40045
PT 39000

adding to DOW shorts 40057

Adding dow short 40050
4:12pm adding 40045

dow adding to the short 40055

closing all shorts 40010 got a better price
the NYSE session so far recorded shorts: +45. +47, +35. +40. +35 = 202 points
closed shorts very prematurely, have some guests arriving and cannot give trading an undivided attention
Also it looks like a low participation session, Lower than average volume
Anyway got few points out of it.
My entries were not ideal, they rarely are, have been away for a while to add some more shorts as M30 indicated commitment to the short side, trade to the mean on M30 as it was against the trend on M30, I am a bit rusty on the first day after holidays, (that's my excuse)

Have had to be away from trading desk, the shorts came well in the end, missed pivot (yellow horizontal) was hit.
Over all, a reasonable day, with the move up at the beginning of NYSE session in the direction on the trend on M30, than shorts from the Fib channel. setting an interesting scenario for tomorrow.

Edit: 3.45am GMT - there might be a retest of the OTH or a new OTH achieved before we see a PB.
Shall be trading both ways, might record some consecutive trades, though I see no point in recording live trades, it take away some concentration, and it is difficult to explain the reason/s for the particular trade/s while concentrating on intraday trading. On the other hand posting historical trades, apart for illustration is also futile IMHO.
I have a particular trading strategy and trading style, it is not perfect, but it helps to harvest good points (profits).

As I have said many times before, there are some specific features to trading indices, and there are other features common to trading other and all instruments.
One needs to spend time observing and studying both of them, than try to incorporate them into a trading strategy aligned to a particular traders emotional state, and ability to manage risk.

I have tried to point some of the main parts of that strategy. I am working hard to follow it and patiently wait for things to align and come into play.

shall be looking for longs on DOW at the NYSE session. when things align, patiently waiting
If things align for sorts - I will short
H4 trend up H1 trend turning down m30 trend down for now 10 min to the nyse open
Long if DOW s going for the retest of ATH

39750 MO Long
Edit 1: PA did not get there, closed the MO

closed logs around the D pivot (a few points below it 39885

DOW is getting ready foe a PB? if so 39775 in mS1 D mid pivot - we shall see

looking for shorts adding to 38877 short

closing shorts 39841

flat atm - coffee break
waiting for things to come into play, so far NYSE has been good!

DOW MO Long at 39750 if PA gets there

so far Low volume and Low vix day

So Far it looks like inside candle - NYSE session candles imposed on M30 TF - and PA is so far consistent with the characteristic PA of the printing inside candle
there still can be a retest of the ATH, H4 indicates that likely probability, whether it will come today, who knows?

I am done for a while, its better I go to the garden and look how fast the planted garlic is growing, and radishes too.
It is reigning here otherwise I would do some yacht maintenance, antifouling time has come and the lady is on a dry ground, waiting to be titivated.