Trading with point and figure

[Dentalfloss]

Chart

 

[Dentalfloss]

7560 was a prev supp....just hit
7680 first rez/top aqua

 

[Dentalfloss]

Canta, I don't look at the ftse, but an instrument is an instrument, as a daytrader do you not think if the pa is generally down it is prudent to look for shorting ops until you are shown otherwise by being stopped out at a loss.

I am not saying the index will not now be bought up (I don't even know what the ftse is doing now) but why try & crystal ball "areas" where it will turn around, just trade it down to the fade, you boys work wayyyyy too hard to "guess" areas.

At the end of the day this is whats clear..... it goes up or down, you are on the right side or the wrong side, all this fannying around with it's going to hit this n' that level is wasted energy..... what is it doing now (not what has it done or where it might go) ? where are the main clusters ? that's it.

Then just trade the fade.

good advice

 

[Dentalfloss]

ftse
a tad oversold

 

[Dentalfloss]

ftse
a tad oversold

chart

 

[Dentalfloss]

poss support comin in for ftse to unwind the oversold

 

[inzimam]

Dow, 25110 rez?

 

[Dentalfloss]

watchin

 

[Dentalfloss]

Dow, 25110 rez?

chart

 

[Dentalfloss]

close up

 

[Dentalfloss]

25145 a minor supp
its ready to pump or dump that

 

[Dentalfloss]

Dow, 25110 rez?

lookin like supp...its a falling knife

 

[Dentalfloss]

CAC updated
remember the trendline we drew yesterday..??
became rez

 

[Dentalfloss]

ftse

 

[Dentalfloss]

7530 lining up
goin either way
7542 area above/marked

 

[Dentalfloss]

Dax

 

[Dentalfloss]

UJ
in supp now
will it hold..??

 

[Dentalfloss]

SPX into the open

updated

 

[Dentalfloss]

lined up...for a pump or dump
gotta be ready at both ends

 

[Dentalfloss]

Dow
close up on our trendline/pivot