Trading with point and figure

[Dentalfloss]

ftse in a swing supp area

 

[Dentalfloss]

Morning world!

Sub 12500 is there a top in place yet?

yu gotta take out that pivot first

 

[cantagril]

Short Dax from 510

Out at 490 for +20

 

[Dentalfloss]

pivots at 12480 area
then 12460
if 12480 goes
it should bounce at 12460..ish
a bad bounce and sellers in..poss 12430 horizontal supp

 

[Dentalfloss]

Out at 490 for +20

 

[Dentalfloss]

bounced at 12472...then 12480 held
and out just now
excellent stuff

 

[Dentalfloss]

dow neeeds to test 22083 pivot area

 

[cantagril]

Long FTSE 7355 target 7382

Chart: 1M, 8 days data at 8h02

 

[Dentalfloss]

gbp crosses to watch
in mega rez and a tad overbought
cable
gbpjpy

eurgbp

 

[Moneylender]

pivots at 12480 area
then 12460
if 12480 goes
it should bounce at 12460..ish
a bad bounce and sellers in..poss 12430 horizontal supp

12480 held this time but the bounce doesn't look convincing yet.
Need Kim the imbocile to start throwing toys now!

 

[Dentalfloss]

eurusd
our 1.1970 could get a hammering

 

[Dentalfloss]

Long FTSE 7355 target 7382

Chart: 1M, 8 days data at 8h02

if yu are going down to 1 min...your look back is too long

that is a mistake that Updata and Duplessis made for a few years
1 min is for the latest trend...they thought they were being clever by having months of 1 min data
if yu look at 5 or 15 min on same setiings...there is probably no difference
just my 2 Stella"s worth...lol

 

[Moneylender]

if yu are going down to 1 min...your look back is too long

that is a mistake that Updata and Duplessis made for a few years
1 min is for the latest trend...they thought they were being clever by having months of 1 min data
if yu look at 5 or 15 min on same setiings...there is probably no difference
just my 2 Stella"s worth...lol

Agreed short term or fast charts, ie 1 minute, are just for entries, no good for finding trends!

 

[Moneylender]

Yesterdays chart showing the BO's should offer some insight on the way back down, if that's the way we go.

[/QUOTE]

 

[Dentalfloss]

22088...good enough for me

 

[Dentalfloss]

our 12510 seems to be rez...still

 

[Dentalfloss]

100 point dump on ftse in 24 hours
we are in supp now
lets see what happens

 

[Moneylender]

our 12510 seems to be rez...still

Yup took a few long off it last night when it was support, now resistance, oops news!

 

[Dentalfloss]

22088...good enough for me

and bounce
we had 22083 marked...so a bit out
its all to do with box sizes..so our box size was slightly out..that is what happens in p/f...so we look at areas

 

[Moneylender]

Yup took a few long off it last night when it was support, now resistance, oops news!

12535 next resistance!