Trading with point and figure

[Dentalfloss]

Closed out with nearly 100 pips on that down leg!!! :clap::clap::clap::clap::clap:

excellent...
keep up the good work:smart::smart::smart::smart:

 

[Moneylender]

just had a fire alarm here, kids set fire to the rubbish shed on the complex, smoke everywhere!

 

[Dentalfloss]

mornin folks

 

[Moneylender]

Morning boss

 

[Dentalfloss]

DAX into the open

 

[Dentalfloss]

its all about that pivot area
4 hour data
0.2% box..approx 25 points
2 rev

 

[Dentalfloss]

bulls need to take that pivot out
a pullback from any break above needs that pivot as supp
we could get an upside failure there...as per yesterday

12620 a supp
12661 minor trend rez


goin either way....but watch the pullbacks to see if they rest on that pivot area
its been rangebound for 2 weeks..unable to break that pivot

NOWT else to say

 

[Moneylender]

bulls need to take that pivot out
a pullback from any break above needs that pivot as supp
we could get an upside failure there...as per yesterday

12620 a supp
12661 minor trend rez


goin either way....but watch the pullbacks to see if they rest on that pivot area
its been rangebound for 2 weeks..unable to break that pivot

NOWT else to say

Great I can stay in bed now!

 

[Dentalfloss]

forgot to add....watch out for false breaks of that range

 

[Dentalfloss]

Great I can stay in bed now!

dont...should be easy pips ...if it stays in the range
we have identified the pivot area ...it could be even easier pips

 

[Moneylender]

dont...should be easy pips ...if it stays in the range
we have identified the pivot area ...it could be even easier pips

I have learnt to trade off my tablet! Lol

 

[Dentalfloss]

ftse...poss peak
it looked like a peak the other day

 

[Dentalfloss]

I have learnt to trade off my tablet! Lol

great...that is what we aim for:smart::smart::smart:

 

[Moneylender]

The down trend still looks the stronger to me, but a nice range to trade!

 

[Dentalfloss]

Ftse
trend supp 7520-7530
rez starts at 7560 area

 

[Dentalfloss]

The down trend still looks the stronger to me, but a nice range to trade!

watch for your red trendline to pop...and the p/b to become supp...bulls will like that
12.7K

 

[Moneylender]

watch for your red trendline to pop...and the p/b to become supp...bulls will like that
12.7K

Popped down to my green trend line, let's see if it holds

 

[Dentalfloss]

eurgbp back into pump or dump territory we marked yesterday 0.8740
excellent

 

[Dentalfloss]

cable...supp area 1.2830...ish
from yesterday
turned out to be a great pivot

 

[Dentalfloss]

eur 1.1250 area pump or dump...there now