Trading with point and figure

[Dentalfloss]

our 21780-21.8K seesms to be holding it
lets see

 

[Dentalfloss]

usdcad still dumpin
excellent suff

 

[Dentalfloss]

cad got some clout today

 

[Dentalfloss]

scalping off 21.8K

 

[Dentalfloss]

scalping off 21.8K

finally popped....was gettin hammered all thru US session
good results

 

[Dentalfloss]

still no sign of any pullback.....bears have had a tough time the last 3 months

 

[Dentalfloss]

at this point...bears can only get in when it gets overbought
slightly difeerent dax and ftse

 

[Dentalfloss]

Dax
we track the downtrend that started on 17th Julyi
it looked like it was gettin supported earlier in the week.?.that failed

 

[inzimam]

Dax
we track the downtrend that started on 17th Julyi
it looked like it was gettin supported earlier in the week.?.that failed

The daily point and figure for Dax is in a downtrend if I'm not reading it wrong

Sent from my SM-G950F using Tapatalk

 

[Dentalfloss]

EUR in an uptrend against. USD.jpy and gbp
German exporters could be gettin nervous....Draghi has done a good job

Contrast that to USD crosses.........Trump poss the problem...even weak against Peso
Who knows

 

[Dentalfloss]

The daily point and figure for Dax is in a downtrend if I'm not reading it wrong

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Yes...but we want to track the latest downmove from 14 Jul....daily too clumsy for short term...neo 60 min for that

 

[inzimam]

Yes...but we want to track the latest downmove from 14 Jul....daily too clumsy for short term...neo 60 min for that

I've got 12180 area as rez so could bounce back down

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[Dentalfloss]

dax 15 min data
downtrend started on 14th july..ish
we gotta reaction point on 20/07 and 26/07.ie a recoil into rez
trends marked

 

[Dentalfloss]

I've got 12180 area as rez so could bounce back down

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i can see 12177-12186 as rev supp
too close to price for my own liking

 

[Dentalfloss]

a closer look at the move frm the reaction point on 26/07

 

[Dentalfloss]

conundrum
price got a tad oversold on latest chart/deviation from trendline
now...is that a reaction from oversold or is it genuine buying....on the recoil
bigger rez starts at 12208
12180 is a horizontal rez...so could work
12112-12128 is a supp area
goin either way


12250 the biggy

 

[inzimam]

Thanks for the charts. Bit tricky without prices on but still very useful.

I always had thought that not horizontal trend lines were weaker indicators but the point and figure charts make them much clearer

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[Dentalfloss]

Thanks for the charts. Bit tricky without prices on but still very useful.

I always had thought that not horizontal trend lines were weaker indicators but the point and figure charts make them much clearer

Sent from my SM-G950F using Tapatalk

we dont rely on levels.....easiest way to wipe out your acc

they are only there as a guide

 

[inzimam]

So do you You just wait for consolidation price action and then wait for the pop either way

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[Dentalfloss]

dax earnings this week....mainly thursday

ads
bmw
bei
mrk
sie
combined.....account fo 25 per cent of index
Siemens makes up 10 percent of dax weighting....eps estimate at 1.613