Day Trading the Dow Jones

[Fonz]

Yes, I'm spread betting. Not possible in the US apparently.

You are right. Options and Futures markets are regulated and really protected (for the CME and members) in the US.

 

[Slepoy]

The reason I was asking about time frames is that I'm wondering whether it would not be more effective, given the relatively big moves on the Dow, to trade a sub-minute time frame, perhaps even down to 10 seconds, using smaller stop loss and taking profits early, that is trading the micro-movements rather than the bigger daily macro moves. Any thoughts on this would be most welcome.

 

[Slepoy]

You are right. Options and Futures markets are regulated and really protected (for the CME and members) in the US.

Here spread betting is classed as gambling, and so any gains are tax-free.

 

[Slepoy]

I don't trade anything below 5M, I have 15M and 30M + 1H on. At this moment I am short from 13456

Sounds like a good even spread of time frames. Seeing as you pretty much jump in threes and fours ( 5/15m/H1 ) have you ever tried a 1 minute to help pinpoint your entries?

 

[Slepoy]

Another short from 440, SL 35.

 

[Slepoy]

Another short from 440, SL 35.

Moved SL down to -20

 

[Slepoy]

Moved SL down to -20

Now -10

 

[Slepoy]

It's coming back off today's central pivot again!!

 

[Slepoy]

Moved SL to BE. I'm not going to lose money on this one after being +40 up.

 

[Slepoy]

Moved SL to BE. I'm not going to lose money on this one after being +40 up.

If it runs for me, I've set a TP at 31,360