Trading with point and figure

[Dentalfloss]

dollar in support....poss buy

 

[Dentalfloss]

ADS are gettin worse....lol

 

[Dentalfloss]

1 min over last 24 hours
main trend/green
trend from reaction point/aqua

 

[Dentalfloss]

watch for a bad bounce from our supp area
watch dow for any retrace

 

[Dentalfloss]

Dow
goin either way

 

[Dentalfloss]

ditto
watch for the bad bounce off our supp area

 

[Dentalfloss]

Our supp areas might not yield easily

 

[Dentalfloss]

Our supp areas might not yield easily

HELD..... and pump

 

[inzimam]

ugh...not a good day today. It was going so well this morning

 

[inzimam]

the last few weeks have seemed so hard to make anything!

 

[Dentalfloss]

200 point rally from our marked support on Dow

 

[Dentalfloss]

the last few weeks have seemed so hard to make anything!

Dax
Lower volatility the last fee weeks
Highly unusual

 

[Dentalfloss]

Dax
Lower volatility the last fee weeks
Highly unusual

Weekly..... Messy

Sent from my FIG-LX1 using Tapatalk

 

[inzimam]

Dow should be in rez now

 

[inzimam]

Oil actually seems to be lot more predictable....doh! just jinxed myself!

 

[Dentalfloss]

Oil actually seems to be lot more predictable....doh! just jinxed myself!

it is...but it does have its rubbish days

 

[Dentalfloss]

Inzi
a good method for you

put up the 15 min p/f chart
identify the main trend..i always do that in Green
then mark the reaction points....these are the pullbacks.draw a 45 deg trendline from that..i usually draw these in aqua
the area between the green and aqua is usually decent supp area
go back to the barchart to confirm any horizontal supp areas
there you will have an area where you are looking hard for the turn to reassert the trend../if any


vice versa in a downtrend

 

[Dentalfloss]

Inzi
a good method for you

put up the 15 min p/f chart
identify the main trend..i always do that in Green
then mark the reaction points....these are the pullbacks.draw a 45 deg trendline from that..i usually draw these in aqua
the area between the green and aqua is usually decent supp area
go back to the barchart to confirm any horizontal supp areas
there you will have an area where you are looking hard for the turn to reassert the trend../if any


vice versa in a downtrend

it does mean you have to spend a couple more minutes getting those reaction points
but..
the benefit is you can carry on working without looking at the chart for areas to trade from

 

[Dentalfloss]

Weekly..... Messy

Sent from my FIG-LX1 using Tapatalk

a downtrend with violent recoils....difficult

 

[Dentalfloss]

1 min over last 24 hours
main trend/green
trend from reaction point/aqua

main trend and the reaction line were close together=strong supp
in theory