Trading with point and figure

[Moneylender]

If you like Fibs!!

 

[inzimam]

im only scalping - missed out on a lot of that long unfortunately but had some decent scalps

 

[inzimam]

60 quick points on a speculative Dow short...i thought i was going to hold it for a few days before i get anything

 

[cantagril]

Long 1L at 12941

Back at the ranch having missed all the fun.

Out at 12962 for +21 and 24233 on the short Dow for +27

That's me done after another week of slim pickings.


Good weekend to all

 

[Moneylender]

13025 will be big res I think!

 

[inzimam]

i have 13030 marked. but would you short here?

 

[Moneylender]

i have 13030 marked. But would you short here?

no

Edit: but i might close a long or two!

 

[Moneylender]

Closed one @ 13025, I put the second at your 13030, still waiting.

lol

 

[inzimam]

Closed one @ 13025, I put the second at your 13030, still waiting.

lol

lol it got to 28, that's close enough! and closer than 25 :smart:

 

[Moneylender]

lol it got to 28, that's close enough! and closer than 25 :smart:

I got 13025.8 as the high on the offer!:cheesy::cheesy::cheesy:

 

[Moneylender]

I got 13025.8 as the high on the offer!:cheesy::cheesy::cheesy:

And I just re entered it @ 12995, this run is not over.

 

[inzimam]

And I just re entered it @ 12995, this run is not over.

I did the same, but more speculative, how were you confident it would continue up?

 

[Moneylender]

And I just re entered it @ 12995, this run is not over.

Come on 13030!!!!! ;-)

 

[Moneylender]

Come on 13030!!!!! ;-)

Chickened out @ 13025 again:clap::clap:

 

[inzimam]

Chickened out @ 13025 again:clap::clap:

I closed out at 23..try not to test my luck on Friday afternoons

 

[Moneylender]

I did the same, but more speculative, how were you confident it would continue up?

Cant see a downtrend thats active, can you?

 

[inzimam]

Cant see a downtrend thats active, can you?

Yeh true, but it could have been activated if it carried past 995...was it the tick chart that gave you teh signal to enter?

I can#t seem to get that bit right

 

[Moneylender]

I use levels and trends from a slow chart usually 8x3, I use 4x2 for a close up when its approaching a level I am interested in, then, I use the tick to watch for the pump or dump and I jump on it straight away. doesn't always work but I get more right than wrong. If I am wrong I will hedge it pretty quickly, gives me time to re evaluate it without taking the loss.

 

[Moneylender]

Something just happen???

 

[inzimam]

Yessssssssssssssss!!! 100 points in record time :clap::clap::clap::clap: