Trading with point and figure

[Dentalfloss]

only a p/b to supp/prev breakout
then retest of high
no real sign of a change in trend ..as yet
1 min data over last 24 hours

 

[Dentalfloss]

oil/wti over last wekk
about to pump or dump

30..00 then 30.25 area

 

[Dentalfloss]

spx
1 min over last 24 hours

 

[Dentalfloss]

Short the spikes is still favorite I think

yes..great
dont get lazy..there are longs to be had for retests of spikes

 

[Dentalfloss]

should be a point soon where we have to spot a change in trend

 

[Moneylender]

should be a point soon where we have to spot a change in trend

Its "turn around Tues"!!!

Let me know when you spot it

 

[Moneylender]

I have a tripple bottom almost on daily @ 9350- 9400

 

[Dentalfloss]

no real sign on 1 min
aqua still intact

 

[2be]

Dax has done so far 235 pips today,a lot of the move up was in Asian session, but even so since London open there has been some reasonable trades to take.
I am still getting familiar with P&F
Have traded of the flag visible on reversal on 3, and played on fulcrum detected on reversal on 1
All trades on DAX box size 8
I am also using M30, M5 and M1 in my usual settings

 

[Dentalfloss]

I have a tripple bottom almost on daily @ 9350- 9400

it has probably reversed off that ...but not printed a 3 box reversal

 

[Moneylender]

didnt quite make the Tripple bottom but it was close enough I think.

 

[Dentalfloss]

didnt quite make the Tripple bottom but it was close enough I think.

we had that marked on Friday morning as a horizontal supp area
bounced off that

 

[2be]

didnt quite make the Tripple bottom but it was close enough I think.

Daily perspective and my current delta count

 

[Dentalfloss]

1901-1904 is a reasonable supp area..should bounce on a test
watch for a bad bounce
trend on 1 min candle that started at 8.51 am is almost burnt out

that does not mean it is goin down..poss consolidation

 

[Dentalfloss]

if it consolidates..look for ink at the top of 1 min candle for first signs of a change in trend

 

[2be]

my current p&f Setting
box 8 reversal on 3,2 and 1
wander if the reversal 2 does not clutter the screen

 

[Moneylender]

my current p&f Setting
box 8 reversal on 3,2 and 1
wander if the reversal 2 does not clutter the screen

I usually only have 2 screens up. 1 box and one other usually a 2 box reversal,
anything more slows the pc down.

 

[2be]

Studying the DuPlessis book draws attention to different strengths of 3 and 1 reversals.

On reversal 3 catapults are clearly visible together with poles and flags.
On reversal 1 fulcrums ( consolidation followed by reversal or continuation) are easier to spot.
Reversal 2 is in between 3 and 1, and I am still making my mind how useful the 2 reversal is to me.
I have dedicated computer to P&F, three charts run still ok.

 

[Dentalfloss]

Studying the DuPlessis book draws attention to different strengths of 3 and 1 reversals.

On reversal 3 catapults are clearly visible together with poles and flags.
On reversal 1 fulcrums ( consolidation followed by reversal or continuation) are easier to spot.
Reversal 2 is in between 3 and 1, and I am still making my mind how useful the 2 reversal is to me.
I have dedicated computer to P&F, three charts run still ok.

it is not so much about which chart formation is the strongest...imhoit is more about extracting information from the chart
by moving around box size..arithmetic or log/reversals 3,2 or 1 /hilo or close plot
imho

 

[Dentalfloss]

when i post charts..from day to day..you very rarely see the same inputs
volatility changes..even within the same trend on 1 minute
extract the information and you will find the movement is reasonably predictable
then look for signals
just my opinion
Duplessis is dead keen on a single input for multiple trends..that is his method