DOW - PA, Stops and hedging

Shorted DOW at 42269 - full lot and at that same time gone long of NASDAQ at 20110 x 2 DOW lots
Incredibly both trades in opposite direction were profitable when closed, it probably is a bit of lack - but interesting

Have to go away for a few hours

Today DOA presented a good fading possibility after the initial aggressive move south


DOW range bound so far this session between the two D pivots (Yellow horizontal lines on black M30 chart
As it often is the case Fib channel on M1 and M5 proved to be helpful - to start fading the initial thrust to the downside.
Please remember soon the third Fri of the month, so expect the unexpected. Today i have been taking smaller profits as I thought the way to the upside has been under pressure due to H4 PA and stochs on H4 not in play to the long side, nevertheless looking to M30 and shorter TF to get some smaller profits on multi entry trades usually to the long side (though not only longs as I have shorted on a few occasions too) on cash only
Have not traded NASDAQ today, too big gap to the last session close

US indices are very bullish, it takes patience to take advantage of pull backs skilfully engineered to provide space for trading

Third Friday of the month is coming and the mid October historic market nervousness, all trades have to be in accordance with a given strategy and with acute risk management.
Earing season calendar

DOW long from above the indicated zone, DOW has a reasonable rhythm
Out above 43k
NASDAQ long to close the gap to the last session close, and no more

There is a small gap to the last session close atm, just about 50 points
Shall observe what the PA is doing around the level of the last session close
Thee is no earnings reporting today, currently PA is around D Pivot, with a missed D pivot below, H4 indicated a possibility of that zone being visited

as expected shorted DOW for almost 200 points

reason for taking short on DOW, (although DOW is very bullish on longer tfs)
PA filled the gap, and hit the upper band of fib bands on M1, taken short at the PA reacting to the WRB on M1
taken profit below the lower FIB band when profit was there
More shorts on the way

I like studying your charts but they are so hard to read with all that is going on in there

Many thanks for your valuable comment.
I agree with you that there is a lot of background information on my charts, I have created these templets long time ago and as an author of them I interpret them at a glance, I know the weighting/degree of importance of what is displayed. I also use large multimonitor display, it makes it easier for me to follow.
If I had do decipher these charts not being their creator I would have found it very difficult. There is so much that over 25 years has been with me and all these things makes more sense to me, some main points I try to explain as I go, its not that easy.

Another short came into fruition
As I have posted before the NYSE session - there was a distinctive possibility of a PB on DOW, and the PA is indicating that

Missed D Pivot has been hit
Cover all shorts and I am flat now

Shell be soon looking for the long entries on DOW - not in haste - let the downward moment hum expire first

Getting ready for the logs on DOW
Onwards up from 42900

Out of DOW longs at 42990 (reasonably good positive points)
reason, M5 rotation, failure for a time being to reach the round number 43k

Time for coffee

Coffee was good, DOW has made its gymnastic for a day (probably), do not want to trade this evening (based in the UK), time to read, study, listen to some good debates and do some other things.
It has been a good day with reasonable short trading display monitors exposure time, grabbing good number of positive points.
Wishing all the very best!

Without some basic knowledge of the basic and the additional tools and concepts I am using in the posted charts one will get confused, overwhelmed and likely dismiss and or criticise the approach, but achieved profits cannot be cancelled, and somehow keep the fading interest going, and leading to even more confusion and so the cycle perpetuates.
I cannot overestimate the importance of PA and all that pertains to it.
SR (Support/Resistance) is the other incredibly important concept.
PASR (please study the excellent thread by Strat) - the profitable trader has to successfully navigate taking seriously these "insights"or concepts into account, it is certain that profits intermingle and are the result of correct understanding and application of these principles. I would only point that for some SR is a part of PA, while for others there is some demarcation between them, one has to come to some practical understanding of this subject.

In order to be less confused by posted charts on this journal I would recommend reading the first post which I update.
By reading and studying the subject mentioned in that first post one is likely to understand the posted charts.
Do not rush through them and do some more substantial study regarding every mentioned subject, as they are only mentioned there and much more studies is required, then evaluate the utility of the given subject and make decision whether or not it is something you intend to use in active trading.
Take time, weeks, months or longer but make sure that there is some understanding of the subject and some decision as to its utility and practical application.
Only use and apply the things you find helpful and have at least some understanding of the given concept regardless of what other say, post and use.

Trading can be compared to a minefield, it is useful to avoid mines, usually if not exclusively planted by ourselves, and a good advise is to keep to a cleared path.
There are many such cleared paths, it is good to find what they have in common.
One of the thing they have in common, is that freedom and responsibility go together hand in hand, irrespective what the current misguided ideologies would you like to believe, hope for and practice, that applies to trading too. You have the liberty to trade, take responsibility including being responsible for the results to yourself and to those who are close to you. Of course one is free to be irresponsible, but the price for such a choice is disastrously high!
Why the overwhelming majority of forum participants like this one lose, one reason is that the market does not lie, the truth of the position is clearly there and many do not cope with that truth. It is important to use talents and time wisely.

As it is my custom to study the charts after market close, I am posting the DOW charts after NYSE session close.
Tomorrow more earnings are to be declared, so be aware of that.

DOW is doing nicely opening the gap in respect to the last NYSE session.

established long positions on DOW, cash DOW and Quarterly Futures
Long from the 3rd quarter on DOW cash 42750
added to longs at 42720 and market orders at 42700 and others above 42700 with 40 points intervals, they shall satay until NYSE open
shall be back at the NYSE open

out at 42850
flat for a while
Very volatile, mixed earning results
I shall be aiming for the gaps to close, shall establish longs again PA permitting
Do not like to short DOW at these levels

looking to go long on DOW
fiirst long entry 42740
out at 42780

Very choppy on DOW, a bit less choppy on NASDAQ
I am looking for PA to declare a direction, so flat atm
For better or worst my bias to the long side is stopping me from shorting DOW
DOW cycle rhythm points to a possible PB, I am not committed to either way atm

DOW long 42745

out at 42785
fast and furious +40 positive points