Jump to content

Trading Strategy for Dow Jones Industrial Average (DJI)

Recommended Posts

Hi Guys,

I am a new to trading with less than year experience trading DJI

I wonder what is the best trading strategy or strategies to trade DJI and the best Dow Jones trading strategy online resources?

Thanks in advance.

Edited by buxup.co.uk
Link to comment

Hi @buxup.co.uk  why are you signing on as a company, Blockchain development and ICO marketing anyone?

There is no such thing as a single 'best' strategy. Everything depends on your own personal style and preferred time frames,. Perhaps drop the company reference and reveal a bit more as an individual how it is you are trying to trade.  


  • Like 2
Link to comment

Hi @Caseynotes, i trade in personal account. BuxUp is a marketing company which started as trading domain names company and developed further into full-time online marketing and advertising business operating in the EU, Middle East and CIS countries. ICO marketing and blockchain dev is just one part of our business since 2017. Our major focus is online marketing and advertising. 

I trade DJI based on "signals" and news. I made good %% returns but not sure if it is the best strategy.

kind regards,


Link to comment
11 hours ago, buxup said:

I trade DJI based on "signals" and news. I made good %% returns but not sure if it is the best strategy.

The Dow had a good bull run up until this consolidation phase set in at the end of Jan as the weekly chart shows. In the bull run signals in line with buying the dip on a smaller time frame chart would work well but come the consolidation phase signals are more haphazard.

If you are using higher time frame charts like a daily/weekly you could either change chart to a lower time frame and try a range based strategy or wait for a breakout and another trending phase.

There is solid resistance at 25390 and the prior high at 26703 while the support levels are weak until 23110.

Currently indices are news lead but if the tariff tantrum dies down good GDP figures will likely lead to a resumption to the upside.

The best online resource are charts of the other indices as there is a general correlation of the health of the mature market economies and as one market closes and another opens it will continue to reflect the current trend in money flows in or out of the indices, until the next data set or news stirs it all up again. 


BTW were your signals any of those provided by IG?




Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Posts

    • Sainsburys full year earnings and Unilever’s first quarter trading update both say the same thing, UK consumers are in for higher prices. The war in Ukraine, supply chain issues and the effects of ongoing Covid all to blame.      
    • US Dollar (DXY) Daily Price and Analysis US Q1 GDP may stall the greenback’s advance. A 20-year high nears for the US dollar. The multi-month US dollar rally continues with the greenback printing a fresh high today ahead of the first look at US Q1 GDP at 12.30 GMT. The US dollar basket (DXY) has been boosted by renewed weakness in the Euro and the Japanese Yen, as investors move from lower-yielding to higher-yielding currencies, while safe-haven flows continue to benefit the greenback. The US growth release later in the session is expected to show a sharp slowdown from the robust Q4 figure of 6.9%. The markets are currently pricing in growth of just 1% for the first three months of this year, with the slowdown mainly due to a reduction in inventory accrual over the quarter. This release is unlikely to move the greenback, unless there is a large miss or beat, as the Fed believe that 2022 US growth will be robust enough to let them tighten monetary policy sharply without damaging the economy. The latest US Core PCE data – the Fed’s preferred inflation reading – is released on Friday and this may have more effect on the US dollar than today’s GDP data. For all market moving economic data and events, see the DailyFX Calendar. The ongoing US dollar rally has been aided by weakness across a range of G7 currencies including the Euro, the Japanese Yen, and the British Pound. The Euro continues to battle with lowly growth expectations, exacerbated by energy concerns, the British Pound is mired by weak economic data, while the Japanese Yen is in freefall as the BoJ continues with its ultra-loose monetary policy.   The US dollar continues to press higher and looks set to break above 103.96, the March 2020 high. Above here the US dollar would be back at levels last seen nearly two decades ago. The March resistance will likely hold in the short-term, especially with month-end portfolio rebalancing at the end of the week, but US dollar strength is set to continue in the months ahead. USDOLLAR (DXY) WEEKLY PRICE CHART – APRIL 28, 2022 {{THE_FUNDAMENTALS_OF_BREAKOUT_TRADING}} What is your view on the US Dollar – bullish or bearish?   Apr 28, 2022 | DailyFX Nick Cawley, Strategist
    • While Tesla has nothing directly to do with Elon Musk buying Twitter - TSLA stock closed down 12% on news that Musk may have to sell stock and use other holdings to stand against the loan to finalise the purchase of the social media giant.        
  • Create New...