Trading with point and figure

[Dentalfloss]

XAUUSD now in the death zone
what a run...

and a 2100 pip plummet from our death zone
luvin it

 

[Dentalfloss]

and a 2100 pip plummet from our death zone
luvin it

and at 50 quid a point...thats 100k in 2 hours......i wish

 

[Dentalfloss]

more like 50p.....lol

 

[Moneylender]

more like 50p.....lol

thats still £1000

 

[Dentalfloss]

thats still £1000

yeah.....100k is nicer

 

[Dentalfloss]

i wont lose any sleep because i always keep to my pip values that i am happy with

 

[Moneylender]

i wont lose any sleep because i always keep to my pip values that i am happy with

who do you trade gold with?

 

[Dentalfloss]

XAU
bounce from 1240 which was supp
taken that
up into rretest res
into 1250 zone...stop tightened

 

[Dentalfloss]

who do you trade gold with?

there are many brokers that have it at 10p a pip/1 cent move
these are unusual times...todays range is many multiples of the normal
it moves inverse to the index...usually
mainly risk on/risk off

 

[Moneylender]

Dax just jumped 70 points!

Thats me done for the day, back tomorrow hopefully.

 

[Dentalfloss]

stopped out..excellent run
i had 1260 and above as the death zone
price went above 1260 and i was in
posted it a few minutes later when price was 1257...just hit that a few mins ago and got knocked back

 

[Dentalfloss]

gold got knocked back and index have rallied from 10 mins ago

 

[Moneylender]

BREAKING: Dow bounces sharply on report that OPEC ready to cut output

 

[Dentalfloss]

there is always...usually a very tight range before it pops....very helpful

 

[Dentalfloss]

BREAKING: Dow bounces sharply on report that OPEC ready to cut output

crazy stuff today

 

[f2calv]

1775 for close of week.

1778

 

[Dentalfloss]

spx
into the open

do we break res or supp ??

 

[Dentalfloss]

dax

 

[Dentalfloss]

goin either way..imho
we wont know until we test supp/res areas

 

[Moneylender]

Morning boss