Trading with point and figure

Dax into the open....do we break the range.?

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Dow bears only got scalp shorts...nowt else
12250 first test of supp
12230 is a pivot area
22.3K /round..poss rez
it just keeps goin up..scalp shorts only
 
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ftse...a different story
its in horizontal supp...if that holds,then 120 pointer to first rez area...could be bumpy..lol
 

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Bank of England...talk of raising rates certainly sorted out any inflation worries...lol
GBP crosses could test support
lets see what happens
 
rez goes up to 12674..ish
so 12600-12700 poss on cards
if it breaks
12550 was prev rez...so poss supp
areas marked on ML chart below
 
Morning all.

Tied up doing other stuff end of last week. Had two duff trades (Scalps - short GU and Long FTSE) which both got stopped out for -30 which left me with barely enough to buy a Peroni - certainly at Grantley prices:)

Will endeavour to pay more attention this week.
 
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