DOW JONES short.

2018年3月10日

My idea is supported by two main analyses:

• Elliot Wave count for a triangle formation ABCDE currently at E indicating a new impulse in the opposite direction might be coming.
  Bearish Gartley pattern fully formed.
  Bearish AB=CD pattern fully formed.
  

HIGH RISK trade, remember this is against the major trend so place your stops accordingly.
Risk/Reward ratio is excellent nonetheless, and that's the main purpose of this trade.

2018年3月13日

註釋

Stops moved to BE for protection. The market is unstable, it is better to be prepared and wait for the news.

2018年3月14日

註釋

Trade is evolving just as expected. DJI index official volume numbers show healthy reversal heading lower. I'll use volume as my indicator for an exit in case i see volume decreasing.


Stick to the plan.

2018年3月14日

註釋

Wave 1 seems to be completed. Wait for a retrace to complete wave 2.
So far, so good.

2018年3月16日

註釋

Looking good.

2018年3月19日

註釋

Better than expected. Wave 2 earlier?

2018年3月19日

註釋

2018年3月22日

註釋

First target, incoming!

2018年3月22日

註釋

Heavy buying at the bond market. Buyer unknown.
This will make yields go lower for a bit. It could boost stocks also.
So, i'm paying close attention.

2018年3月23日

交易結束：目標達成

On point!
2nd order still open.

2018年3月23日

註釋

Possible turnaround here, watch this support.

2018年3月24日

註釋

Almost got the second target.

Also, the long term trendline seems to be broken (candle closed below) BUT, i'll monitor it anyway.
I also might move my 2nd target further down to last low.

2018年3月25日

註釋

Bullish Gartley

Keep this on your watch. I'll keep my 2nd target but i'll move stops just a bit above my 4th wave projection.

2018年3月27日

註釋

Was that wave 4? hmmm

2018年3月28日

交易結束：目標達成

Saw that low volume on the rise, reentered at 24414 and many times on the drop. I call it a day. This is going to retest and possible jumping back, due to the risk I prefer taking profit and waiting for a new opportunity.
Hope you had a nice ride as I had.
Cheers