Trading with point and figure

[inzimam]

Inzi
think that is where your poss bad uns are

you are not waiting for the downtrend...to blow off...to go for a long
vice versa on a short
min recquirement...


yu actually dont know the precise value until it happens
calling levels is only part of the jigsaw

yes, you're absolutely right!

 

[Dentalfloss]

its gettin ready for a p/d

 

[Dentalfloss]

yes, you're absolutely right!

ok...good
now yu can work on it...and get it right

in Updata software ...the default is a trendline...whether it be on bars /candles or p/f
that says alot
they dont have to be accurate

 

[Dentalfloss]

trendlines....and internal trendlines
the internal is nearer the price action
as whn price moves quickly...it moves away from the the trendline
the internal connects lows nearer the price action..in an uptrend

 

[Dentalfloss]

min recquirement....the internal must have blown off before trade thought about

 

[Dentalfloss]

Internal trendline is a Duplessis thought...he uses it on p/f
works well on candle and bars

yu just break down the chart into bullish and bearish sections using trendlines and internal trendlines


any chart /any timeframe

 

[inzimam]

dax vertical count suggesting 13080 target

And hit!

 

[Dentalfloss]

p/d area marked

 

[Dentalfloss]

23563 is a prev supp
gettin there

 

[inzimam]

min recquirement....the internal must have blown off before trade thought about

Does this not mean you miss the move.. Or do you mean you wait for a move away from the trend line and then a retrace before entering?

 

[Dentalfloss]

And hit!

13110 is a prev supp
30 min bars

 

[Dentalfloss]

Does this not mean you miss the move.. Or do you mean you wait for a move away from the trend line and then a retrace before entering?

 

[Dentalfloss]

pink horizontal is main breakout area...marked premarket at 13032

 

[Dentalfloss]

that is the latest breakout


the pattern is too deep for me to have stop below green horizonta

 

[Dentalfloss]

13020 area/yellow is a pivot ...that held

 

[Dentalfloss]

retest of green gave a new uptrend...it pulled back and yellow held

 

[Dentalfloss]

other entry is retest fo green/stop below 13K

 

[Dentalfloss]

there were consecutive bull signals after retest of green

 

[Dentalfloss]

or a later entry as 13032 held as supp after it broke

 

[Dentalfloss]

23550 marked yesterday as a pivot
scalps in and out
and it finally broke
excellent results
we had plenty of time to prepare for that