Trading with point and figure

[Moneylender]

They are both going to close at days low, so anything could happen for Sunday night, prob another drop before any bounce.

 

[Dentalfloss]

dax today on 3 min bars

 

[Dentalfloss]

2 downmoves
and a small recoil in between

 

[Dentalfloss]

Going long today was madness with hindsight!

internals show the movement better and give you a better feel

 

[Moneylender]

No bounce expected.

 

[inzimam]

They are both going to close at days low, so anything could happen for Sunday night, prob another drop before any bounce.

i'm at the mercy of the gods now

 

[Dentalfloss]

2 downmoves today

 

[Moneylender]

Inzieman hope you have enough for a beer. Its only money.

 

[Moneylender]

I kept looking for the bounce today and it never came. Trade what you see not what you think!!!!

 

[inzimam]

Inzieman hope you have enough for a beer. Its only money.

just enough for a sparkling water
got some heavy unrealised losses today, my own stupidity

 

[Moneylender]

just enough for a sparkling water
got some heavy unrealised losses today, my own stupidity

we all feel for you, been there myself as I am sure the others have.

 

[inzimam]

i closed one for a loss just at 517 after hours..at least that's one less to get stop hunted and almost 60 points off the after hours low!

 

[Dentalfloss]

we all feel for you, been there myself as I am sure the others have.

yes

put on those trendlines and internals...yu will have a better feel
trading on levels got anniliated today

 

[inzimam]

yes

put on those trendlines and internals...yu will have a better feel
trading on levels got anniliated today

I tried, but I went too early. A pierce of the trend line is not enough. I should wait for it to break, and then reverse to the trend again and then make a higher high

 

[inzimam]

dax today on 3 min bars

Dentist. How do you play it when it heads above the previous trend like a breakout. How do you know when you bail?

 

[Dentalfloss]

Dentist. How do you play it when it heads above the previous trend like a breakout. How do you know when you bail?

you mean a fake signal ?

 

[Dentalfloss]

the fake shows up nicely on the 3 min chart posted

always look at movement against the trade...........range expansion Against the trend

can yu see it on that fake upmove ?

 

[Dentalfloss]

in a trade...watch for range expansionn against the trade....
long trade......look for lower lows

 

[inzimam]

in a trade...watch for range expansionn against the trade....
long trade......look for lower lows

I think this is where I'm going wrong

 

[Dentalfloss]

always focus on
range expansion against your trade
and
range expansion against the trend