Trading with point and figure

[Dentalfloss]

scalp shorts in from 9736 and 1932 area
tight stops
longs stopped out just before

 

[Dentalfloss]

1932....pump ??

 

[Moneylender]

There was another story re oil production cut, but its the same one as last week so oil dropping back now

 

[Dentalfloss]

31.50 ..gotcha

 

[Dentalfloss]

spx

approx 240 point range in that downmove from this chart
A pullback to a fib implies 50 point down
From this chart 1938 to 1950 is the 50% area
Nice rally on afriday to that area
Lets see what happens

worked exceptionally well

 

[Dentalfloss]

price had rallied to that 50% of the pole...so bias was a p/b this morning..followed by a rally to retest that 50% area
nailed...
job done

 

[Dentalfloss]

oil/wti

pulling back ??

as we said at 8.05 AM

 

[Dentalfloss]

spx
1 minut
shows the trend over the last 2.5 hours..ish
no signal to go short

1 min data
box size 0.48 points
1 reversal
close plot
a pretty sensitive chart

 

[Dentalfloss]

we were in our res area that we marked early this morning
but ...no signal to go short
so we kept long and followed the trend
our res area does go up to 1950 area...lets see what happens
as you see....we did not call the levels..we just had a possible area.....but...no signal to go short...very important

 

[Dentalfloss]

dax
from 3 pm today
1 min data
4 point box size
trends marked

 

[Dentalfloss]

looki for a signal to go short
1944-1950 poss res

 

[Dentalfloss]

looki for a signal to go short
1944-1950 poss res

nowt yet

 

[Moneylender]

Missed your input today

 

[Dentalfloss]

nowt yet

gotcha

 

[Dentalfloss]

Missed your input today

was easy stuff today
res marked early on
went with the flow

 

[Moneylender]

was easy stuff today
res marked early on
went with the flow

Think I tried to over complicate it then!

 

[Dentalfloss]

1 min dax
today
we were negative bias at the open..cos price had moved into test 50% area we marked on spx
break of yellow at 8am
down we went
messing around 9660
then a new rally started at 3pm

break of downtrend ..then a consolidation..ready for the upmoves

 

[Dentalfloss]

Mornin all

 

[Dentalfloss]

Decent overnight movement from our marked res area

 

[Moneylender]

Good morning. Dax into open, waiting for some direction