Trading with point and figure

[Moneylender]

Stopped out for +3. Greed is not good

Its just looking to get to 13350 mate.

 

[cantagril]

Its just looking to get to 13350 mate.

Sez a p&f chartist

I woz looking at the 60/80 area that traded between the 6th and the 11th as some kind of support. Settled 0n 75 as being a reasonable level - ahem, not that I do levels of course:whistling

 

[Moneylender]

Sez a p&f chartist

I woz looking at the 60/80 area that traded between the 6th and the 11th as some kind of support. Settled 0n 75 as being a reasonable level - ahem, not that I do levels of course:whistling

What caused the sell off this pm?

 

[f2calv]

What caused the sell off this pm?

I went long

Sent from my Nexus 6P using Tapatalk

 

[Moneylender]

I went long

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that your new system working well for you???

 

[f2calv]

that your new system working well for you???

Lol actually I was kidding (but that's pretty much what usually happens!)

Finding it hard to get enough free time to work further on my system(s)

Made a few long on GBPEUR last few days so can't grumble too much!

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[cantagril]

I went long

When?...

 

[inzimam]

i'm in deep on my long...where is the bounce!

 

[Moneylender]

i'm in deep on my long...where is the bounce!

Bounce came in at 13360. Cantagril got a good entry but he chickened out. Next resistance is 13470 but that's 30 pups away so probably tomorrow.

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[Dentalfloss]

GE investigation by SEC made it tank......i think

 

[Moneylender]

GE investigation by SEC made it tank......i think

Euro topped out at 1.24 plus as well I think!

 

[Moneylender]

Thoughts on the euro heading into the European Central Bank meeting from Barclays Capital Research
"We expect no change in policy and look for President Draghi to deliver a balanced message which does not dismiss discussions around forward guidance changes in the coming months but still reinforces the broadly very accommodative outlook and curbs unwanted EUR strength.

In that respect, we expect some profit taking of long EURUSD positioning ahead of the meeting. Nonetheless, we expect dips to be shallow, consistent with our view of broadly range-bound EURUSD centred on current levels," Barclays argues

For more bank trade ideas, you can

 

[Moneylender]

DAX close, the pink level is from way back 9th Jan

 

[Moneylender]

Morning all

Draghi day, good or bad for Euro????

 

[f2calv]

Morning all

Draghi day, good or bad for Euro????

I'd imagine he'd want a not too strong Euro - which could provide a further pop for GBP... if we convincingly break 1.15 then I think 1.20 is the next stop.

And there would be a bigger drop for EURUSD which has been heavily one sided with dollar weakness of late.

But what do I know? :innocent:

Might be a time for a small options play

 

[inzimam]

Morning!

13347 on Dax? Or did we already get close enough.

Next one is 13300!

 

[Moneylender]

Morning!

13347 on Dax? Or did we already get close enough.

Next one is 13300!

normally that would that would do but its Draghi day so care needed!

 

[Moneylender]

If 13350 breaks then next solid support is 13280

 

[Dentalfloss]

Dax

 

[Dentalfloss]

Dow