Dow Jones

A thread for discussing Dow Index Futures.

I think it's pretty interesting that we end the week sitting on this major trend line that has been cooking since 2009. Is there some big news out in the US this weekend or something?

http://i288.photobucket.com/albums/l...g?t=1311958915

hi mysterio,

i'm getting into trading the Dow and had a few questions that i was hoping you could answer:

- what spread/commission do you pay to trade the Dow index?
- what is the minimum stop loss that can be used?
- what is the minimum trailing stop that can be used?
- are there restrictions on short selling?

Thanks

oh yeah and it would be great to hear from anyone else on the matter...

Dow sitting right on an area of good support. Price pretty much touched and go from that area of confluences. I wonder if PA will develop here or if price will just bounce from this current level. Area around 12161 seemed to be a reasonable place for it to meet some resistance. Also possible for it to break below and onto next level of support at 11800. Need the PA for confirmation!

http://www.hotstockmarket.com/image/...t/500/flags/LL

I don't know what it's like in your jurisdiction, but here in the UK we have a special arrangement called spread betting, uniquely it is exempt from any kind of capital gains tax, and tends to offer a wider range of markets, anything from options to orange juice. Spread is currently 2 pips during market hours and there are no restrictions on short selling.

OK so i'll be posting my intraday trades, I'm not much good on the longer time frames but I welcome discussion of all charts.

I trade very basic trend line breakouts with MACD divergence and pivot points.

First set up is before market open which I don't trade because the spread is too high. The second set up is a break and retrace which I took down to the daily pivot, and then a long trade about 6pm GMT for a handful of pips.

While we pierced that daily trend line it looks as if the market will close above or just on the TL which means to me that there is no change of trend yet.

http://i288.photobucket.com/albums/l...g?t=1312227751

daily dow ,,, what a fall .....!!!

i used to trade the daily dow actively. made good money. i stopped simply because the spread was too high. my broker has a spread of around 4 pips. after 9pm it goes up to 6 pips and on some days 8 pips ! on days like this spread can be 1-2 pips.

i too live in the u.k. but the spread is way too high for me. on a 6 pip spread on £10 per point, thats £60 your out of pocket straightaway.

i get better results trading the currencies. so i stopped on dow.

do you guys feel at around 9pm the fall will reverse and market should recover at least 50 pips...?

I'm finding the Dow is a lot 'jerkier' compared to my usual EUR/USD. You need much wider stops and it reacts in a different way to levels.

The break through the trend line was viscous.

I see the next obvious level as 17000. I'd be surprised if it doesnt hit tomorrow.

mysterio

after reading this thread yesterday i developed this urge to trade the dow again.

so just before bed last night i entered a short position at 10651. with a tp of 200 pips. got a very nice surprise when i woke up this morning, with + 200 pips in my account !

i shorted the dow again this morning and is currently over 100 pips in profit.

however something strange happened though. when i loaded the ticket the price was 10854. i clicked the sell button when the price showed 10854. but i got filled in at 10836....thats 19 pips behind the price i clicked on. huge slippage ?
i rang my broker straightaway but they are adamant the price i clicked on was 10836, but that is not the case i clicked on 10854 i always make a note of the price i enter at and of course that price was right in front of my eyes too.
after arguing with the guy for nearly 10 mins requesting him to investigate/ establish what the problem was, he refused to do that. the greedy buggers. me thinks it was slippage - a heavy slippage of 19 pips. now that is no good. i told the guy i will write and complain about this....so left it at that.


one of the main reasons i had stopped trading the dow...

ok fellas.

closed my present dow short at 10636. thats another + 200n pips.


so far today + 30 pips, + 200 pips, + 200 pips = + 430 pips !!

iam off now for the day, to go out and get some fresh air....!

DOW bouncing off the descending trend line which coincides with the daily pivot.

DJ M1

Still Holding the trend line.

DJ M1

The purple line (around 11,052) has been a super strong S&R level!

DOW M1

Looks like she's about to rollover.

Almost 200 pt fall,if only price was always this easy to read.

oops,sorry about the cash instead of futures charts.

Currently stuck in a range.

DJ M1

Enjoying the set-ups guys, keep em coming.

Yesterdays resistance apart from that mad
short covering pop last night is holding so far.

It will be interesting to see if we break this ascending trend line and how hard.

DJ M1