DOW - PA, Stops and hedging

Quoting 2be

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Establishing short position on DOW cash futures, using Long positions established on DOW Quarterly DEC24 as a hedge (quarterly futures do not attract daily interest on the leverage, so once established they can be kept for days/weeks at no additional cost, apart of time related Delta) Doing that I am risking some unrealised profits on Quarterly futures, while looking to get intermediate profit established on DOW cash,(position attracts daily interest on the leverage) DOW Daily {image} DOW H4 {image} DOW m30 chart with NYSE sessions {image}

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Quoting 2be

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{quote} First positive points earned on shorting DOW during the NYSE session {image}

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Quoting 2be

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{quote} Waiting for a M5 to align to the downside, that might short again

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Quoting 2be

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{quote} closed shorts 42170 Done for a while Gone short again aiming at the the round number and depending on M5 PA 43959 missed daily pivot from last Friday

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Quoting 2be

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{quote} Closing part of short position on DOW just below the round number - coinciding with the FRI NYSE session close

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Quoting 2be

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Third Friday of the month - PA has not disappointed! Charts explain all DOW H4 and Daily {image} DOW H4 with Fibs and possible 1 to 1 ABC??{image} DOW Daily with Fibs {image} DOW M30 last NYSE session{image} It looks like DOW opening with larger gaps, looks great set up. Establishing MOs for DOW longs 43250 and below, will add when PA confirms rotation. Friday can provide good surprises. Good trades to all!!!

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Quoting 2be

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Third Friday of the month - PA has not disappointed! Charts explain all DOW H4 and Daily {image} DOW H4 with Fibs and possible 1 to 1 ABC??{image} DOW Daily with Fibs {image} DOW M30 last NYSE session{image} It looks like DOW opening with larger gaps, looks great set up. Establishing MOs for DOW longs 43250 and below, will add when PA confirms rotation. Friday can provide good surprises. Good trades to all!!!

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Quoting 2be

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{quote} DOW has opened with gaps. Neither of them have been filled. In due time these gaps shall be filled. Chart below is very telling, big effort with little result (VSA principles) Looks like selling climax. In conjunction with the charts posted today, there is a strong case to take seriously the possibility to go long next week, but as usual, PA has to confirm this long scenario. {image} Wishing a great weekend to all!

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Quoting 2be

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{quote} Banning the WWIII scenario I have reestablished MOs DOW Long at 43250 Will try to go long when PA confirm this possibility Relatively small amount of High Impact data release this coming week

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Quoting 2be

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{quote} I am using DOW cash price levels, but I intend the fist positions to be established on DOW Dec 24 quarterly futures, and shall hold these positions in additions to the existing ones established at the US election results. As I use different trading platforms, for the benefit of this journal I am treating these newly established position as a separate trade. Just a few points to being filled

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Quoting 2be

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{quote} Have been filled at DOW long at 43250 Shall add aggressively when PA confirms long scenario, and shall also tread DOW cash in addition of DOW Dec 24

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Quoting 2be

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{quote} There are/have been gaps above, good possibilities these gaps are going to be filled. The usual things I look for. Posted charts last week, have a look, and harvest positive points.

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Quoting 2be

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opening NYSE salvo Long above 320 out 410 6 entries along the way on cash A bit of scalping on cash 4 me 350 to 400 could not help but got long X3 trades - in and out - fast train

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