LIVE MARKET: DJIA TRADE
30104
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LIVE MARKET: DJIA TRADE

Trade Plan: Short Trade: This is my first attempt at trading DJIA. On the 4H time frame I had a symmetrical triangle drawn in from the 5/03/2018, Price had met with the resistance 25500 of the symmetrical triangle and began to lose momentum and show signs of weakness. At 12:30 GMT Price had broken the 50 EMA on the 15-minute time frame with multiple time frame conformation giving me an entry for the trade.

Price Entry: 25409

Price Stop: 25551

Profit Target: 25200

Risk to Reward: 1:77

The trade ran from 12.30 GMT to 15:23 GMT giving me a total of +20 pips profit. As it was my first-time trading DJIA I decided to risk very little of my account. I had an execution lot size of 0.20. Going forward with trading DJIA I will increase the lot size accordingly with right percentage. I was very pleased with how the trade went. I was happy with my entry as it was something I need to improve on.