Day Trading the Dow Jones

Slepoy said:
Moved SL down to 360. Not sure of TP yet, see if I survive this long enough to move SL to BE first.
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Okay, BE now as too risky otherwise as it looks like it can break higher with momentum still up.
 
Slepoy said:
Okay, BE now as too risky otherwise as it looks like it can break higher with momentum still up.
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Out @ BE. Still think there could be a short later if it fails to break above today's high, so watching to see what it does.
 
Fonz said:
I think the Dow react very well to pivot points. Also, intraday moves are "cleaner" IMO: NQ is made with strong moves inside ranges and then a trend, and then weird moves inside ranges, etc. A range chart make more sense for the NQ.

Look at the 2 (Tradestation) charts: For illustration, they both are 15min, show "the yesterday Close", begin at 09:30 and ends at 4:15pm Est.
The white MA is actually made with ATRs and the colored candles are made with MACDs and I think ADX (please don't ask details about that as I am not a coder..)
And as a discretionary trader, I think the moves and nervousness of the NQ are very exiting: Definitely not what I need: I need predictability, not excitement :sneaky:
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Thank you for that detailed explanation, Fonz. :)
 
Look now, the reaction at the 31200 (round number).
Go up to 31228 or down to 31160 and perhaps even 31135?
 
Obviously moved my SL to BE too early, and then missed this main move. Lesson learned. See some of you tomorrow.
 
Very messy range, so just staying out for now. Here's my 15m chart showing the range.
 

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