Trading with point and figure

[Moneylender]

Dax action today between 11980 to 12035.

 

[Moneylender]

Morning all

Nice pop up to 12065, pump or dump, there now.

 

[Moneylender]

12100 then 12130 are the next resistance point

 

[Moneylender]

Dumped from our 12100

Stops in profit

 

[Moneylender]

QUOTE=Moneylender;2956782]Dumped from our 12100

Stops in profit[/QUOTE]

Support at 12070, tight stop now

 

[Moneylender]

Support at 12070, tight stop now

Stopped out, nice start to the day

 

[Moneylender]

Support at 12070 failed, back into 12060 area, another pump or dump interest!!

 

[Moneylender]

Support at 12070 failed, back into 12060 area, another pump or dump interest!!

Dumping, next supp 12035-40 area

 

[Moneylender]

Dumping, next supp 12035-40 area

Stop to plus 5

 

[inzimam]

I got caught out

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[Moneylender]

Stop to plus 5

Closed at 12051, with 7

 

[Moneylender]

I got caught out

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How? It was straight forward this morning!

 

[Moneylender]

Hope so got a few longs running now

Closed some longs around the 12100 and then took the bus down to 12050.

3 days target hit in an hour!:clap:

 

[inzimam]

I stupidly had a scalp short open and couldn't close before 8am!.. Stupid mobile app!

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[Moneylender]

I said support at 12035-40 area, low was 12043--- must do better as 007 would say!

Sun is shining here so breakfast and a Tandem ride methinks.

 

[inzimam]

Redeemed partly with a 12050 long. Closed for 20

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[Moneylender]

DAX price is getting squeezed, we need a pop up/down.

 

[inzimam]

12120 upside target if we break 12090

 

[inzimam]

but isn't 12035 what Dentist referred to as magnetic as it has the most boxes filled horizontally?

 

[Moneylender]

but isn't 12035 what Dentist referred to as magnetic as it has the most boxes filled horizontally?[/QU

I like to see 2 or 3 touches to any level gives me more confidence it will react there. Thats why I often look further left and draw the levels across the chart.