Trading with point and figure

[cantagril]

Here's a Dax 5 min chart from 08h55 which shows the current action. That 340-350 level still looks good...even if I don't get it without some messing about

Just stopped out. Buy Order in for 235:whistling

 

[Moneylender]

Here's a Dax 5 min chart from 08h55 which shows the current action. That 340-350 level still looks good...even if I don't get it without some messing about

Green trend line could be a support point that we are interested in, if it supports and holds look to go long.

QED

 

[Dentalfloss]

1 box horizontal count target at 21756-21777 area

posted yesterday at 3.52pm

about there now
21749 the high/overnight

in theory....we should be in rez
there is 21.8K poss looming and 22K

 

[Moneylender]

Morning boss

Dax close yesterday

Bounced off of 12245, pink level above!

Indentify the levels and trends and wait for price action to give you the signal at those points.

 

[Dentalfloss]

dax
bulls got some traction

thinking we might be gettin messed around with a shakeout

 

[Moneylender]

Oh look another 25 to 30 pips, thank you very much

 

[Dentalfloss]

firts move in a new trend can be shaky...
seems from the chart that the reaction point is in
but...
is it just a recoil ..??
who knows..lol

 

[Dentalfloss]

Oh look another 25 to 30 pips, thank you very much

12250 seems to be holding..??

 

[Moneylender]

Oh look another 25 to 30 pips, thank you very much

Now take your profit on first signs of weakness.
You won't get all the tops and bottoms, now wait until price goes to another
Interesting level and wait for the signal again.

 

[Dentalfloss]

usdcad supported
excellent stuff

 

[Moneylender]

Back into 12245 area, look to PA to to tell you pump or dump

 

[Moneylender]

Morning exercise now, 20 miles on the Tandem!

 

[Dentalfloss]

Morning exercise now, 20 miles on the Tandem!

Not too strenuous...

 

[Moneylender]

Not too strenuous...

Only 10 today, chain problems on the de railer!

 

[Moneylender]

Hope you two spotted the support area of interest at 12225??


I an now 30 pips up on that trade.

 

[Moneylender]

Hope you two spotted the support area of interest at 12225??


I an now 30 pips up on that trade.

Closed at 12260

 

[inzimam]

Closed at 12260

Did the box change? What made you choose there to close?

Sent from my SM-G950F using Tapatalk

 

[Moneylender]

Did the box change? What made you choose there to close?

Sent from my SM-G950F using Tapatalk

As soon as I see weakness using a tick chart at a level I am interested in I closed the position. By waiting for box change you lose a few pips, difficult if you are scalping.

 

[cantagril]

Just stopped out. Buy Order in for 235:whistling

closed at 254 +19

now long at 220 x2

 

[Moneylender]

closed at 254 +19

now long at 220 x2

Someone has cracked it, good work.