The Dow had been very choppy these days as one moment it moved up and then the next moment it moved down really hard. Actually, that's good for trading because there is range for trading and the chance to make $ is high. Although swing trade is not the strategy for now since the trading range is huge, scalping can also make a lot of $$ since within 30 mins, the amount of bars appear can be abundant. Traded the Dow and Amazon last 2 days and made some small profits.
Study the 5 minute chart of the Dow Jones, it's pretty simple to read the chart with supply/demand zones for trading. Signals were abundant for long/short while the Amazon chart was even easier since there was a panic selling on heavy volume. Amazon in the 5 minute chart hit a critical demand zone then rebounded higher on optimism due to retailers liquidating their shares. I will uncover more shares in this very blog so stay tune!
Ronald K - A Game Changer
