Trading with point and figure

[inzimam]

Ok no idea where it's heading now

 

[inzimam]

Any thoughts now. It's overshot all the things I had marked yesterday

 

[inzimam]

Well long set from 13000 stop at breakeven now. Took a loss early so hopefully we get back above 13080

 

[inzimam]

13030 next minor rez, 13100 to 13113 next major rez.

13160 larger trend rez

 

[inzimam]

12960 to 12970 next support

 

[Dentalfloss]

Dax tank
I nearly swallowed my teeth

 

[Moneylender]

Dax tank
I nearly sallowed my teeth

Brexit concerns, Catalonia problems, US Dollar weak, Angela Merkel, DAX has been full of BS for months!

 

[Dentalfloss]

Dax tank
I nearly swallowed my teeth

was expecting 13K to hold...no trade on whilst at lunch....so nowt lost

 

[Dentalfloss]

Brexit concerns, Catalonia problems, US Dollar weak, Angela Merkel, DAX has been full of BS for months!

errr.....nearly cost me a new set of teef

 

[Dentalfloss]

there is a horizontal supp on spx at 2565
10 points away

 

[Dentalfloss]

6280 supp area on nas100
been tested

 

[Dentalfloss]

23270-23300 poss gonna get a hammerin

 

[inzimam]

12960 to 12970 next support

I was right for once on that one but it sunk way past my original marked range

 

[Dentalfloss]

dax
we are in a main supp
chart comin

 

[Dentalfloss]

the move up fom 26/10 is a fake

 

[Dentalfloss]

dax#
fakeland marked

 

[Dentalfloss]

13087-13110 could be an important rez.....went into Fakeland around that number

price back in prev consolidation area...for a rethink on direction....lol

 

[Dentalfloss]

spx 2562-2565 the bigger supp area
still 12-15 points away from that

 

[inzimam]

How do you distinguish it was a fake or not?

 

[Dentalfloss]

2565 a big number on spx
activates a downside count and trend supp there