DOW - PA, Stops and hedging

Quoting 2be

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Last long at 360 to 430 A bit risky, got 70 points on the first opening position, all together there were 16 adds to that long, that is not unusual for me

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Quoting 2be

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{quote} I am done for a while as a rotation possible on M30 also there might or even should be an attempt to retest the L, or at least the NYSE session candle bar might form a doji, providing some insight and establish meaningful selling climax, we shall see Got my winter fuel allowance and much more this US session https://www.youtube.com/watch?v=mQrvmY5s2mo

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Quoting 2be

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{quote} PB yes tank - if it means crash - not really - DOW is VERY BULLISH For the last 20 years I have read people saying about the crash, which never came, at least not until now, it does not mean there will not be one. There was one big PB due to COVID 19, followed by great recovery. PB to provide space underneath for the end of the year rally January can be a mixed bag https://www.forexfactory.com/attachm...l?d=1693472539 Earning season starts in January Presidential inauguration https://www.forexfactory.com/thread/...gs-to-consider?...

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Quoting martinez1

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{quote} Mr 2be, Am expecting a move to the upside especially knowing for the past twenty years DOW as always close bullish by December but the way it's going currently it seems we may not see that move since the festive period is closing in. But looking at the market from your own angle do you think? will we still see that up move to close bullish? Thank you.

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Quoting 2be

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{quote} S&P500 at OTH today Nasdaq at the NEW OTH today DOW is lagging behind I think DOW will go up, look at the previous selling climax situations, market is indeed testing traders patience We might se a slow progress, remember next Fri is Triple Witching Friday, expect good volatility few days before that Friday, will possibly go both ways

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Quoting 2be

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Started to build a long position on DOW after the failure to hit 44k I will add if the PA takes DOW there {image} {image} {image} Committed to take profit when it is there using shorter TFs taking traders in the long direction. M0, M5 , M1 set up in this potentially active session If there is a stronger trend formed new positions will be established

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Quoting 2be

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{quote} Fully committed to the long side on DOW

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Quoting martinez1

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{quote} Okay, am waiting to see if it closes above the trendline on 1hr chart and any other confluences that might have come along then from there i will join you to the upside.

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Quoting 2be

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{quote} waiting for the rotation on M30 too only longs for me on DOW atm

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Quoting 2be

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{quote} Looks like a selling climax DOW NYSE session candle bars, as expected. {image} Lots of effort with little result, VSA basic principle - around 1500 points move up on offer, not fast as previous impulsive but nevertheless {image} Consideration to be taken on board - the last move down looks like a failed C, of ABC structure or some other X wave At the beginning of October there is a similar structure, the PB is very similar, have a look {image} {image} {image} It has been prudent to take good profits today when they were there instead for...

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Quoting 2be

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Triple Witching Friday - I have disabled automatic roll over function and prefer manually manage the quarterly futures, next one coming is MAR 25 Unlike the DOW cash, these DOW DEC24 futures need to be managed slightly differently, especially within the last few days before expiry and it is important to observe the particular arrangements specific to the given trading platform. I expect some fireworks and some moves during this week, moves that might be classified as "unusual" due to position squaring by bigger players.

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Quoting martinez1

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{quote} I started loading my longs earlier today. I pray am not too earlier and i hope to see it go in my favour. May the force of the market be with us all.

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Quoting 2be

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{quote} I will add from the last session close at 821 a good lot

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Quoting martinez1

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I was not around but just came back to check the chart and all my long position are under water. Still watching to see if the up move will take over before my longs get stop out.

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Quoting 2be

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{quote} Sorry to hear that, on daily the fib Ret 0.618 has been achieved at todays Low There is likelihood of ABC structure on daily {image}

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