Hi, I'm Chris Capre, founder of 2ndSkiesForex. I'm a verified profitable trader and trading mentor. As a professional trader, I specialize in trading Price Action and the Ichimoku cloud. As a trading mentor, I have one goal: to change the way you think, trade and perform using 18 years of trading experience and cutting edge neuroscience to wire your brain for successful trading. Want to improve your trading edge and mindset? Check out my trading courses here.
Dow Screams Higher From Pin Bar Off 200DMA | Oct 10th
Dow Jones – Second Best Day for 2013
Yesterday we talked about the pin bar off the 200dma + the rounded bottom as a likely covering point for bears, anticipating the major index would climb higher. Today it did exactly that, forming its second best daily gain for 2013, screaming over +250 points higher. On the 4hr chart, we can see a with trend pin bar, suggesting intraday bulls were happy to scoop it up on the cheap. I’m suspecting this bullish momentum should continue, perhaps after a brief dip. Traders can look for intraday buy signals towards 15020 targeting 15100, 15200 and 15260.
Check out our latest article on Set and Forget Trading – How to Really Maximize It
Want More? My private members get all my trade ideas & market commentary 4x per week. Click here to become a member.