Trading with point and figure

[Dentalfloss]

12340 area is the purple horizontal
there now

1 week of data

 

[inzimam]

I reckon that Dow will get to 26460..

 

[inzimam]

Dentist - what MAs have you overlayed? Do they help you. Which time frame are they most useful on?

 

[Dentalfloss]

CAC 40
5500 lined up

 

[Dentalfloss]

Canta will be pleased

 

[Dentalfloss]

26500 to hold ....??

yes sir
excellent stuff

 

[Dentalfloss]

Dentist - what MAs have you overlayed? Do they help you. Which time frame are they most useful on?

they are always useful..particularly when price is stagnant
i used to think it was gimmick until about a month ago
very useful for supp/rez when price is not trending
all timeframes...particularly 1 min and 5 min

 

[inzimam]

they are always useful..particularly when price is stagnant
i used to think it was gimmick until about a month ago
very useful for supp/rez when price is not trending
all timeframes...particularly 1 min and 5 min

which MAs...

 

[Dentalfloss]

3 methods so far

find supp areas
find rez areas
find /confirm latest trend

each one needs different inputs
top two need to be kept away from the price

Ma"s are drawn after the p/f chart is produced and are not calculated from the raw data.
each ma point is from the middle of the column


shorter Ma on 3 box...longer on 1 box

 

[Dentalfloss]

DAX

 

[Dentalfloss]

they are better seen on wide charts.ie hilo plot/1 box

 

[Dentalfloss]

Am off out to buy a solid state drive for one of my laptops
back for FOMC

 

[Dentalfloss]

Inzi...your 26460 is a pivot area

 

[Dentalfloss]

could get a hammerin today

 

[Dentalfloss]

could break to 26357 area and bounce
26500 as rez on the bounce
if we get lucky

 

[Dentalfloss]

which MAs...

misunderstood you
i only have the option of Ema and SMA "s

 

[inzimam]

we were heading down before FOMC

 

[Dentalfloss]

could break to 26357 area and bounce
26500 as rez on the bounce
if we get lucky

we got lucky

 

[Dentalfloss]

we were heading down before FOMC

yes sir

 

[Dentalfloss]

could break to 26357 area and bounce
26500 as rez on the bounce
if we get lucky

26550 was the rez on the bounce