As we are still in a situation where there remains a lack of very high probability trades that are both ripe and imminent, I'm going to run through the main part of my watchlist showing what I'm looking at right now, why I'm looking at it, and detailing in pictures the simplicity of the type of trading set-ups I trade.
Still no new high probability trading set ups to post, so I'm going to talk about a particular characteristic which has historically been common on the DOW and is something I'm keeping an eye on for a possible short entry.
Looking at various charts of US and UK Indices and something kept bugging me as I recognised a pattern that I'd seen before but couldn't quite put my finger on where.
Then, having seen someone elses charts, showing exactly the same as my own, but on a different charting package it all clicked together.
Just a few thoughts on DOW which I've been day trading today.....
Please note that these are just thoughts and not outright predictions. Chart shown is 24 hours, i.e, not Cash.
I'm currently long DOW and have a target of 11,466 but limit order presently set for 11,460. Price is so close now I may just close tomight when futures re-open.