Trading with point and figure

[Dentalfloss]

revisit 8876 supp area
back in
very tight stop
and closed just now

 

[Dentalfloss]

8918 horizontal res on 1 min..stops tightened on approach
8876 a horizontal supp
just fumbling around for direction still

 

[Dentalfloss]

dax
since 7am
stayed bearish
a move up to test prev supp and then down
no joy for bulls as yet

 

[Dentalfloss]

oh dear...we gotta fake

posted at 7.44 am
that was bearish...but
it is important to maiintain that neutral bias ...no matter what and go with the flow

 

[Dentalfloss]

Swedish interest rates cut
usdjpy thrown in to the mix

 

[Dentalfloss]

spx in horizontal supp

 

[Dentalfloss]

8694-8712 poss supp on dax
lets see

 

[Dentalfloss]

so 1816 area
and 8694 area
market will want to retest these areas...

 

[Dentalfloss]

retest 8694..our marked area
off we go

 

[Dentalfloss]

this id goin to be a bumpy ride...
nobody knows where the bottom is ...lol

 

[Dentalfloss]

use the tick chart when it gets bumpy

 

[tokyojoe]

we'll now be offered the 740, but seems very risky long up here now, I must say I thought the 700's would be cleared out first

my money is on a clear out

 

[tokyojoe]

.....& in the mean time I've missed 2 long ops in the last half an hour

will not chase this now

Have you taken these longs Dentist ?

 

[Moneylender]

Late start for me again!

 

[Dentalfloss]

.....& in the mean time I've missed 2 long ops in the last half an hour

will not chase this now

Have you taken these longs Dentist ?

yes..but working from the tick chart.As we said it was goin to be bumpy
got some of the tank aswell..had the fake marked before the open..bottled out after some of it..did not expect such a big move

 

[Dentalfloss]

this is a great market for us....nobody knows where it is going...lol
keep to the tick chart until some kind of trend materialises

we have 1813 and 8694 supports
scalp off those tests with a tight stop
nowt else you can do

 

[Dentalfloss]

the only way you will know is a test of res and the reaction after

 

[Dentalfloss]

dax
latest move down

testing res now

 

[Dentalfloss]

fromthat chart
testing prev supp
trend res and horizontal res
8790 area
it wants to pop ??

 

[tokyojoe]

yes..but working from the tick chart.As we said it was goin to be bumpy
got some of the tank aswell..had the fake marked before the open..bottled out after some of it..did not expect such a big move

Good work, I must admit I stopped using the tick chart, I used it for about 6 months solid, but I found after a while I could actually picture the tick within the 1 min, so I'm glad I grew accustomed to it, but the tick drew me away from the bigger picture too much.

Agreed this is a great market for us, traction is becoming more evident of late.

I'm hoping this cycle continues.

Back in for 2pm'ish, good luck

The 800 here should be intersting