Day Trading the Dow Jones

Chancing a short from 340, SL 30

 

Moved SL down to 360. Not sure of TP yet, see if I survive this long enough to move SL to BE first.

 

Okay, BE now as too risky otherwise as it looks like it can break higher with momentum still up.

 

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.

 

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.

 

Watching 530 area for potential resistance and possible short opportunity. Anyone concur?

 

My R1 pivot is 545, and that's where the price has stopped for the time being.