Trading with point and figure

Trend reversing up or a bad bounce?
 

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Looks like the bears are in control for the moment, lets see what US open does.
 

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1 min spx
is it a pullback or a new downtrend ??
shame we did not get a test of 1967 this morning
its those Welsh cakes...bulls feed on those
1970 first
1966 is 50% area of latest upmove
 
first move
up to 1981-1982 area
or down to 1968-1970 area...watch the bounce if it goes to 1978
 
Last edited:
recipe for WELSH CAKES

Method

Tip the flour, sugar, mixed spice, baking powder and a pinch of salt into a bowl. Then, with your fingers, rub in the butter and lard until crumbly. Mix in the currants. Work the egg into the mixture until you have soft dough, adding a splash of milk if it seems a little dry – it should be the same consistency as shortcrust pastry.
Roll out the dough on a lightly floured work surface to the thickness of your little finger. Cut out rounds using a 6cm cutter, re-rolling any trimmings. Grease a flat griddle pan or heavy frying pan with lard, and place over a medium heat. Cook the Welsh cakes in batches, for about 3 mins each side, until golden brown, crisp and cooked through. Delicious served warm with butter and jam, or simply sprinkled with caster sugar. Cakes will stay fresh in a tin for 1 week.

iNGREDIENTS



Ingredients

225g plain flour
85g caster sugar
½ tsp mixed spice
½ tsp baking powder
50g butter
, cut into small pieces
50g lard, cut into small pieces, plus extra for frying
50g currant
1 egg
, beaten
splash milk
 
recipe for WELSH CAKES

Method

Tip the flour, sugar, mixed spice, baking powder and a pinch of salt into a bowl. Then, with your fingers, rub in the butter and lard until crumbly. Mix in the currants. Work the egg into the mixture until you have soft dough, adding a splash of milk if it seems a little dry – it should be the same consistency as shortcrust pastry.
Roll out the dough on a lightly floured work surface to the thickness of your little finger. Cut out rounds using a 6cm cutter, re-rolling any trimmings. Grease a flat griddle pan or heavy frying pan with lard, and place over a medium heat. Cook the Welsh cakes in batches, for about 3 mins each side, until golden brown, crisp and cooked through. Delicious served warm with butter and jam, or simply sprinkled with caster sugar. Cakes will stay fresh in a tin for 1 week.

They are so easy to do, but you need a bakestone or similar to cook them.
 
All to play for here now, we have supp @9715 ish at trend line now.
 

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