Dear traders,

Last time I covered Dow Jones.

It has since then gone down and then up again.

Seems like nothing can stop the Dow.

I have managed to get into a long Dow trade yesterday, which trade I am still holding.

Here is a screenshot of the current trade, which is giving me 1:16 risk-to-reward ratio 👇

This trade is purely based on my day trading strategy.

I will probably be taking profits soon since we have entered a supply zone I have been looking at.

Here are the parameters of this trade:

RISK: 27 points

RETURN (unrealized): 420 points

It has been a decent 2-day ride.

The trade was taken in my day trading room and here is where I have shared it with the community:

But what am I looking at today?

Gold Trading Analysis 17.10.2024

Today I am looking at Gold.

In fact, I have already entered a short trade based on my day trading strategy.

Here is the trade:

It looks great from a long-term perspective, too.

There is a major supply zone on the daily timeframe.

I will just wait for a 4H confirmation, which is still missing.

I will be looking for either an inverted pin bar or a bearish engulfing pattern.

If I see such a confirmation, I will hold onto my trade.

Otherwise, I will close my position.

Happy Trading,

Colibri Trader