Select Page

Good morning traders, today I want to share with you my trade on DJI30 from yesterday. The whole week before I was looking for the daily Supply in which i was thinking about reversal. Not every single HTF zone is okay for such a bounce, but this one had also the LowerLow on the bottom so that was my biggiest point of decision.

According to this i was looking for the LTF price action on the M30 chart and just waiting for the best timing. Of course for almost all the traders from Supply&Demand base the most important price action is engulfing, so was the mine here. Price engulfed the last low of few bars, so I opened the short trade with target around gap closing.

sdpafxc

DJI30 timing from M30 according to price action “engulfing”

At the end this was a nice short +180pips trade, maybe I closed it a bit earlier, there was a bit more potencial, nevertheless this was a successful and I hope in next days the bears will be the ones who will take actions on this index.

Are you looking for profitable trading system?

Become part of our trading community and start to make money trading forex today

SDPAFX.com results in 2017

Yes, I want more NOW