Dentalfloss
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eurjpy in rez
125.00 area
pump or dump
125.00 area
pump or dump
Trading with point and figure
- Thread starter Dentalfloss
- Start date
- Watchers 90
Dentalfloss
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gbpjpy in a pump or dump at 143.00
rez looming from 143.30-143.60
rez looming from 143.30-143.60
Dentalfloss
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OZEE
bounced off horizontal supp @ 0.7380
rez starts at 0.7420 area/prev supp area on daily bars
bounced off horizontal supp @ 0.7380
rez starts at 0.7420 area/prev supp area on daily bars
Dentalfloss
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dax..opening spike
watch p/b
watch p/b
C
cantagril
I'd marked the same level (12620) and had an order in there with a TP at 670. I did think about doubling up when I saw your chart but got cold feet....though still feeling quite cheerful with 50 Zlotys in the kitty.
Moneylender
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Dentalfloss
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opening spike to our pivot area...and dumpDAX into the open
luvin it
C
cantagril
I'll start doing that when I'm a bit better at getting my charts clearer. At the moment I'm looking at too many as I'm not yet at ease choosing box settings and reversals and so often end up with too much and often not very clear information.
In the case of the Dax, what would you and Dentist suggest as a good starting point for chart settings? I tend to go for 15 min data, DHL, and a 3 box reversal to begin with and then get progressively messier as I'm actually trying to do the opposite....
Dentalfloss
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bounce off Moneylenders 12640
excellent stuff mate
excellent stuff mate
Moneylender
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I have the the Champions league festival starting today, and I have just been told we are walking over to have a gander. You might even see me on telly, propping up one of the bars!
Dentalfloss
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there are no chart settings to start with
easiest..put up the bar chart and break it down into bulllish/bearish sections
then try and copy that into the p/f chart
then move around settings
Dentalfloss
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back to retest our pivot
its trying to take it out...lol
its trying to take it out...lol
Dentalfloss
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ftse...straight into our 7560 rez...and dump
excellent stuff
excellent stuff
Dentalfloss
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oil in rez
prev supp 49.00 area
4 hour bars
prev supp 49.00 area
4 hour bars
Moneylender
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I try and only use two settings on DAX and concentrate on the one or two instruments, the other being the DOW.
Basic settings for both are overall outlook are usually 8x3 box, to Zoom in I use 4x2 all set at high and low. This gives me a good idea of whats likely to happen. (cough cough) I then use a tick chart to get the entry at the various points of interest, sometimes I get it very wrong lol.
If you need to look even further back just increase the box size and say a 5 reversal.
Moneylender
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Up and down twice, range 620-670, love it!!
Morning folks....half term...kids still in bed,
FTSE range bound for now sp 7525-30 Rez 7560ish ...bit of bearish sentiment creeping into chart imo...due to election caution. Think FTSE will be well supported around 7500.... Watch cable though, inverse relationship coupled back up for now, as traders won't have much else in range bound conditions I think.
Took a few from yesterday's closing dip and reverse....always watch the close for bipolar opportunities!
FTSE range bound for now sp 7525-30 Rez 7560ish ...bit of bearish sentiment creeping into chart imo...due to election caution. Think FTSE will be well supported around 7500.... Watch cable though, inverse relationship coupled back up for now, as traders won't have much else in range bound conditions I think.
Took a few from yesterday's closing dip and reverse....always watch the close for bipolar opportunities!
Dentalfloss
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told ya...
4890 minor sup...needs to hold otherwise looking at 4870zone sp
Dentalfloss
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- Manufacturing PMIs dominate schedule, US ADP Employment, Construction
Spending and Auto Sales also on tap along with Fed & ECB speak; France
and Spain to auction debt
- PMIs: Europe, including UK, seen sustaining strength of recent months,
as Asia readings largely disappoint, US ISM seen consolidating at
lower, but still solid pace of activity
- US ADP Employment: further solid gain expected, Claims and Beige Book
point to continued labour market tightening
- US Auto Sales: seen steadying after consistently missing forecasts,
Memorial Day holiday the wild card
..........................................................................
********************
** EVENTS PREVIEW **
********************
A new month, but judging by yesterday's price action, the same lethargy that has plagued markets for much of this year remains the key thematic. Statistically Manufacturing PMIs from around the world dominate the schedule, with the overnight Q1 CapEx readings from Japan and Australia to digest ahead of Brazil Q1 GDP and a raft of US data, among which the May ADP Employment and ISM will claim pride of place. On the policy front some BoJ, Fed and ECB speak is accompanied by the China-EU summit, while Spain and France feature on the Govt bond auction schedule. EIA Oil inventories are also due, and follow a much sharp than expected API Crude stocks drawdown of 8.7 Mln, which appears to have put a short-term floor under oil prices after the recent sell-off.
** World - May Manufacturing PMIs **
- Having digested the largely disappointing run of Asian PMIs, excepting Japan (which also saw solid Q1 CapEx readings) and Philippines attention turns to the Eurozone, where the dip in France and surge in Germany flash PMis are seen confirmed, with Spanish and Italian readings expected to be little changed from solid April readings at 54.7 and 56.0 respectively. Given that other European readings (Scandinavia and CEE) are also seen posting robust outturns, along with the UK, there is little doubting that the region as a whole looks to have the best underlying sector momentum. The question on the UK is whether last month's surge was another none too infrequent outlier (has happened in both directions in recent years)? Given the strength of European economies, the answer is probably not. As for the US Manufacturing ISM, the consensus looks for little change at 54.6 after post a much sharper than expected drop from 57.2 to 54.8 in April, which would be weakest reading since the election, though still comfortably above the levels seen through most 2015 and 2016. Particular attention will be given to the often very volatile New Orders, which fell sharply in April to 57.5 vs. March 64.5, but remains at levels of indicative of a solid pace of activity in coming months.
** U.S.A. - May ADP Employment / Auto Sales **
- As is often the case the forecast for ADP Employment at 180K is around the longer run average, and is thus rather agnostic. That said Initial Claims have been very close to their 43 year low over the past month, and are expected to be fractionally higher at 238K vs. last week's 234K, and point to a very solid ADP reading, as did yesterday's Beige Book which noted that "labor markets continued to tighten, with most Districts citing shortages across a broadening range of occupations and regions." By contrast Auto Sales have been losing momentum since hitting a cyclical high of 18.29 Mln in December, and have missed forecasts every month since, with May Sales expected to be little changed at a 16.90 Mln SAAR pace (vs. April 16.83 Mln), which in a historical context remains a very healthy pace. However it still leaves sales down in y/y terms, with the Memorial Day holiday often producing an outlier, and with rising incentives (discounts) impinging on margins, and automaker inventories at historically high levels, allying with anecdotal evidence of rising delinquencies on auto loans, the sector appears to be facing considerable headwinds.
from Marc Ostwald
Spending and Auto Sales also on tap along with Fed & ECB speak; France
and Spain to auction debt
- PMIs: Europe, including UK, seen sustaining strength of recent months,
as Asia readings largely disappoint, US ISM seen consolidating at
lower, but still solid pace of activity
- US ADP Employment: further solid gain expected, Claims and Beige Book
point to continued labour market tightening
- US Auto Sales: seen steadying after consistently missing forecasts,
Memorial Day holiday the wild card
..........................................................................
********************
** EVENTS PREVIEW **
********************
A new month, but judging by yesterday's price action, the same lethargy that has plagued markets for much of this year remains the key thematic. Statistically Manufacturing PMIs from around the world dominate the schedule, with the overnight Q1 CapEx readings from Japan and Australia to digest ahead of Brazil Q1 GDP and a raft of US data, among which the May ADP Employment and ISM will claim pride of place. On the policy front some BoJ, Fed and ECB speak is accompanied by the China-EU summit, while Spain and France feature on the Govt bond auction schedule. EIA Oil inventories are also due, and follow a much sharp than expected API Crude stocks drawdown of 8.7 Mln, which appears to have put a short-term floor under oil prices after the recent sell-off.
** World - May Manufacturing PMIs **
- Having digested the largely disappointing run of Asian PMIs, excepting Japan (which also saw solid Q1 CapEx readings) and Philippines attention turns to the Eurozone, where the dip in France and surge in Germany flash PMis are seen confirmed, with Spanish and Italian readings expected to be little changed from solid April readings at 54.7 and 56.0 respectively. Given that other European readings (Scandinavia and CEE) are also seen posting robust outturns, along with the UK, there is little doubting that the region as a whole looks to have the best underlying sector momentum. The question on the UK is whether last month's surge was another none too infrequent outlier (has happened in both directions in recent years)? Given the strength of European economies, the answer is probably not. As for the US Manufacturing ISM, the consensus looks for little change at 54.6 after post a much sharper than expected drop from 57.2 to 54.8 in April, which would be weakest reading since the election, though still comfortably above the levels seen through most 2015 and 2016. Particular attention will be given to the often very volatile New Orders, which fell sharply in April to 57.5 vs. March 64.5, but remains at levels of indicative of a solid pace of activity in coming months.
** U.S.A. - May ADP Employment / Auto Sales **
- As is often the case the forecast for ADP Employment at 180K is around the longer run average, and is thus rather agnostic. That said Initial Claims have been very close to their 43 year low over the past month, and are expected to be fractionally higher at 238K vs. last week's 234K, and point to a very solid ADP reading, as did yesterday's Beige Book which noted that "labor markets continued to tighten, with most Districts citing shortages across a broadening range of occupations and regions." By contrast Auto Sales have been losing momentum since hitting a cyclical high of 18.29 Mln in December, and have missed forecasts every month since, with May Sales expected to be little changed at a 16.90 Mln SAAR pace (vs. April 16.83 Mln), which in a historical context remains a very healthy pace. However it still leaves sales down in y/y terms, with the Memorial Day holiday often producing an outlier, and with rising incentives (discounts) impinging on margins, and automaker inventories at historically high levels, allying with anecdotal evidence of rising delinquencies on auto loans, the sector appears to be facing considerable headwinds.
from Marc Ostwald
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