anilmangal

DOWI ( PUBLISHED ON REQUEST)

INDEX:DOWI   DOW Industrials
1423 5 122
I don't trade the DOWI             , but was asked to share my views. This is how I would trade it if I were . I don't like to trade against the trend, not because you can't win a trade or two (with luck) but because corrective moves are sometimes very complex which means, you can get an expending flat it will go down some then comeback take you out before it goes dowm again (watch the first correction ), or it will take very long to go.
Impulse gives better risk to reward (1-3 and up) and they move fast so you are out of risk very fast. I do keep trade for long time, while they make lower degree consolidations and impulses, if I am in for the higher degree Impulse.
So depends on what type of trader you are or your understanding of structure you would go with the trend or trade the correction.
Comment: that is buy* the low ,typo
Comment: recording of the webinar I did on Saturday 31/10/15
https://www.cubbyusercontent.com/pl/Instant%2BMeeting%2B2015-10-30%2B%284%29.webm/_42e57f96407f4d2580f4f1e4412ae835
YouTube: https://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
Facebook: https://www.facebook.com/ProwaveTrader
Training : add to skype mangal457
Correction then sell absolutely.
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wait for correction then buy the low
+3 Reply
Ah, thank you!
+1 Reply
Great analysis!
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Thank you for your analysis, any analysis on gold ?
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