Trading with point and figure

[Dentalfloss]

then you can see small box sizes without having to have a 27 inch monitor

and all the very minor trends

 

[Dentalfloss]

p/f does take up alot more screen space/real estate

 

[Dentalfloss]

price action not really established itself for a decent buy
buy with a tight stop
need to see the reaction in 7425 area
could be a dead cat bounce

dead cat bounce

 

[Dentalfloss]

Dax 1 min since 11pm/uk

 

[Dentalfloss]

add some trendlines

 

[Dentalfloss]

its easy...afterwards when you have put on the trendlines

 

[Dentalfloss]

how did we know price had peaked at 10am....we did not
but
12100 area we got a pump or dump
it dumped

 

[Dentalfloss]

we were ready for that
pump or dump is OCO trade as we dont know what direction the break will be...it is rez,but there are no guarantees

 

[Dentalfloss]

a bit later and the green trendline got taken out

 

[Dentalfloss]

at that point it is negative...but we still dont know how negative
it rallied to retest rez and failed...so we could draw the first downtrend line

 

[Dentalfloss]

close plot...much clearer

 

[Dentalfloss]

it was not until after 3 pm that it went ultra bearish
triple consecutive signals

 

[Dentalfloss]

there was no warning of a sell off...we had to wait for the signals

 

[Dentalfloss]

yu can also see that it had a minor rally into prev supp/look left...then got sold off

 

[Dentalfloss]

Cable

updated

 

[Dentalfloss]

\ftse
no real sign of any bulls...as yet

 

[Dentalfloss]

Close up

 

[Dentalfloss]

Ftse
if you had that area marked as support
the price action is not there as yet to back it up as support

 

[cantagril]

Morning,

EG

I'd still like to buy but sat on my hands yesterday in spite of it touching .8970.

Might try 1 lot if it pulls back a bit more.

 

[cantagril]

CAC

Still looking wan. Will see how the Dax fares after the various numbers today.