Trading with point and figure

[Moneylender]

13030 hit...now what...??

It had better go down. I fell asleep and didn't take my profit.

 

[inzimam]

Doh

 

[inzimam]

Anyone done the one box vertical count on the Dax?

 

[Dentalfloss]

Anyone done the one box vertical count on the Dax?

horizontal

looks to be about 13.1K

 

[Dentalfloss]

if yu look at 60 min bar chart
see the spike to 13039
then look at the breakout
measure horizontal distance
then go same distance upwards

 

[Dentalfloss]

gives yu an idea of what to look for ...without goin to p/f
the setting will 1 box hilo...cos yu are measuring from that spike to 13039

 

[Dentalfloss]

the break to 13030 started a new uptrend..it then went into a minor consolidation and then broke to 13060 area

 

[Dentalfloss]

the break to 13030 started a new uptrend..it then went into a minor consolidation and then broke to 13060 area

then 13060 broke to 13095

our 1 box count was smack on target

 

[Dentalfloss]

here is the good bit...i missed it all....lol

too bizzee with a plumber

 

[Dentalfloss]

signal for a dump at 13089
some booked ..so far
stops tight

 

[Dentalfloss]

dow 23040 for a p/d...there now

pump...excellent
for a few

 

[Dentalfloss]

eurjpy in rez
132.20 was prev supp on 60 min bars

132.20 pump
a few taken

 

[Dentalfloss]

usdcad
1.2600 or a p/d
1.2450 supp
in 1.2500/round /supp area now

pump...a few taken

 

[Dentalfloss]

oil for a p/d 52.20 area....there now

dump;ed...a few taken

 

[Dentalfloss]

usdjpy for a p/d 112.50....there now
112.10 horizontal supp
112.25 prev rez

pump
a few taken

 

[Dentalfloss]

eurusd
1.1730-1.1750 supp area
first rez 1.1780...if it bounces

1.1730 held
a few taken

 

[Dentalfloss]

cable...not happy
supports 1.3150
1.3120
1.3100/round

rez at 1.3200 and 1.3250
first rez 1.3185

1.3140 held
signal to buy was at 1.3150
decent results

 

[Dentalfloss]

dax into a supp area now 13060...was prev rez

 

[Dentalfloss]

retest of 13030..if it gets there
watch for a bad bounce
bounce should be no higher than 13070...ish

 

[inzimam]

retest of 13030..if it gets there
watch for a bad bounce
bounce should be no higher than 13070...ish

Why 13070?