Trading with point and figure

[Dentalfloss]

chart reading exercise

chart is line/daily close

yu can see rez at 360 area
yu can also see latest uptrend is broken..now in consolidation waiting for something
price has retraced from 360 rez area into a horizontal supp area
yu can also see pivot area in 240 area...it was a prev supp/then became a rez
trends can be seen easily

 

[Moneylender]

Morning all

 

[Dentalfloss]

Dow
gettin a tad nasty

 

[Dentalfloss]

21664-21700..ish is a test of that intenal
a bad bounce and sellers in ...21600 supp area possible

 

[Dentalfloss]

Dax 12250 is a horizontal supp area on 15 min bars
also 12270 from yesterday

 

[Moneylender]

12255 level here to hold or its 210

 

[Moneylender]

Tight stop now, doesn't look too good!

 

[Moneylender]

Closed at 280 with 25 pips

That was hard work

 

[Moneylender]

Down trend level at 12295

 

[Moneylender]

Down trend level at 12295

Stop to BE

 

[Moneylender]

Stop to BE

Plus 5

 

[Moneylender]

Plus 5

Stopped out with 5

 

[Dentalfloss]

Dax 12250 is a horizontal supp area on 15 min bars
also 12270 from yesterday

bounce from 12250 to 12300
12300 dump
excellent stuff

 

[Moneylender]

Should have given it a bit more slack, never mind, waiting for the next bus now.

 

[Moneylender]

Levels working well sofar.

[/QUOTE]

 

[Dentalfloss]

bounce at 12270 for a few
messy so far

 

[Dentalfloss]

Levels working well sofar.

[/QUOTE]
nice chart

if we dump 12250..then 12215..ish
otherwise 12300-12330..ish

goin either way...lol

 

[Dentalfloss]

Dow getin close to our 21664-21700
bears watchin the recoil if it stays under 21770 area...dax and ftse should follow

 

[Dentalfloss]

dolllar/DXY in a horizontal supp....will it hold

 

[Dentalfloss]

cable
pivot rez at 1.3154-1.3164

better...if yu can get it at 1.3188-1.3200 was a prev supp
1.3160-1.3190 is bigger rez area
1.3120 firts supp area...after 1.3140