Index Analysis and Trading Tips - Dow Jones 22nd Feb 2016

DJ:DJI   Dow Jones Industrial Average Index


Market failed to sustain advance to test 16535 in low liquidity trading on Thursday and Friday proved very stagnant.

US CPI             data confirms advance or head for another drop impulse which may activate above 16700 zone - as long as market holding trades above 16300 the chance for further advance toward 16535 and 16700 will sustain

** below 16300 market my head for drop correction toward 15600 zone

All the best and happy trading!
Trade active: Hope you are all following :)
Comment: Yesterday's pullback is exactly what we were expecting after such gains on monday, weak US confidence may be the cause! Great spot to open more longs!
Trade closed: target reached: Hope you all booked profits in this too!
I'm sorry to say, but if you entered this trade 9 days ago, you ran into the SL defined on your chart before you reached your claimed target. So you did not reach target.
TheBanker Nico.Muselle
Entered at B's open and close as you can see above... nonetheless, appreciate you looking out for me Nico and hope you enjoyed your pips!
You commented 9 days ago that you entered the trade, which is what I indicated on the chart, 2 days later you were stopped out and thus never reached your C. C was only reached the day after that.
It's not a shame to lose a trade, everybody knows that it's a game of winning and losing, it is a shame however to have to try and cover it up.
TheBanker Nico.Muselle
Look at the e/w and give it a like while you're there
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