Trading with point and figure

[Dentalfloss]

Morning all, still too hot here in Costa Del South Wales!

tomorrow...the last hot one

 

[Moneylender]

12950 working well already.

 

[cantagril]

Dorsey is hilo only..not bad..but not great
you are very limited with that does he use %log boxes..??

Haven't come across any as yet but I'm only a little way into it. He might be saving them for later

I'm just reading everything I can find on p&f on the basis that at some point it'll all become repetition . So far I'm enjoying (a relative term!) looking at the different approaches. I'm inclined to think that a very great deal of these weighty tomes is included to make more effective doorstops...or maybe they're usually sold by weight. Even Dorsey himself says that when he first came across p&f he read AW Cohen's book and "after reading the first three pages, my life changed." Now all I have to do is get through the further 397 pages of his own...

 

[Dentalfloss]

12950 working well already.

yes sir

 

[Dentalfloss]

we might have a minor top in dax

 

[Dentalfloss]

dax coiling ....ready for A POP

 

[Dentalfloss]

dow
a tad overbought

 

[Dentalfloss]

shows uptrend that started from 15th june.....deviation from trendline
poss a tad overbought

 

[Dentalfloss]

21500 is aqua internal trendline

 

[Dentalfloss]

21483 is supp if 21500 fails

 

[Dentalfloss]

1.2684-1.2712 is trend supp
1.2762 area is prev supp on 4 hour bars...poss rez
1.2650 horizontal supp

1.2666 supported...between our 1.2650 and 1.2684
in for a few...very slow
waiting for Carney

 

[Dentalfloss]

eurusd
1 year of data
should be decent supp in 1.1100 area

our 1.1165 been rez ...so far
worked well as a pivot

 

[Dentalfloss]

thinking that dw needs to unwind that overbought
who knows....lol

 

[Dentalfloss]

oil oversold.. a tad

 

[Dentalfloss]

oil

 

[Dentalfloss]

43.70 pump or dump

 

[Dentalfloss]

21500 is aqua internal trendline

there now..at aqua

 

[Dentalfloss]

indices
compq near a pivot area/rez/ 6277 area
rusell 2k/small caps testing rez
midcaps testing rez
nas 100 5770 rez area/horizontal
pivot/prev rez at 5840
techs..poss upside failure

posted at 7.11am
also dow was a tad overbought...so a slightly negative bias......worked well this morning on dow,dax and ftse
forgot to dntion...oil plummet..not ggod for stocks

 

[Moneylender]

Nice drop on Dow and Dax.

 

[Dentalfloss]

43.70 pump or dump

dump
excellent