Trading with point and figure

[Moneylender]

Morning all

007 having a lie in after yesterday!

 

[Dentalfloss]

Morning all

007 having a lie in after yesterday!

yes
a late start

 

[Dentalfloss]

lets see what treats we have in store for today

 

[Dentalfloss]

dax
the range is so big on 1 min candle...lol
dont need any other inputs
amazing

 

[NickBk]

lets see what treats we have in store for today

I think we had enough already in just 2.5 hours.

 

[Dentalfloss]

dax
since 5 pm last night

 

[Dentalfloss]

 

[Dentalfloss]

chart is 15 min close plot
25 points by 3 reversal
dax
using it as a template to base trades from over the last week

 

[Dentalfloss]

chart is 15 min close plot
25 points by 3 reversal
dax
using it as a template to base trades from over the last week

you can see how we have managed to see all the price action and pick up the cluster areas really easily
downtrend started on jan 13th
bulls have tried in vain..but we still kept within the downtrend

 

[Moneylender]

you can see how we have managed to see all the price action and pick up the cluster areas really easily

Looks quite bullish to me this morning

 

[Dentalfloss]

Looks quite bullish to me this morning

yes
latest trend is up
trend supp from chart posted is 9350 area/green trendline

 

[Dentalfloss]

bulls are hoping to get some traction from the low made at 5.30 last night
lets see what they can do

 

[Dentalfloss]

the big whammo comes at test 9500
internal trendline on chart

 

[Dentalfloss]

thinking that the range is going to get squeezed...with a pop either way

 

[Dentalfloss]

spx

 

[Dentalfloss]

spx
after that wild volatility earlier..things have quiet
range is tightening
1866 a big res area
1830 trend supp

 

[Dentalfloss]

yes
latest trend is up
trend supp from chart posted is 9350 area/green trendline

excellent move from supp we marked

 

[Dentalfloss]

a res area on spx at 1861
then 1867..the big one

 

[Dentalfloss]

dax
%log box seems to be a better fit

 

[Dentalfloss]

from that chart
res is 9510-9534 area
supp is 9392 area

needs to stay above 9400 for the bulls
if 9400 acts as res...not good