Trading with point and figure

[Dentalfloss]

in theory..it should bounce
a bad bounce and bears in for a killing
otherwise 1960 trend supp

 

[Dentalfloss]

areas will need retests ..imho

 

[f2calv]

areas will need retests ..imho

yeah, wouldn't call it the most stunning bounce for sure... still managed a few though, good call

 

[Dentalfloss]

yeah, wouldn't call it the most stunning bounce for sure... still managed a few though, good call

Decent movement now
Have we caught the falling knife ??

 

[Dentalfloss]

oil...still not broken our res area
could be dampener

marked
kyboshed the indices

 

[Dentalfloss]

the problem is
the move down from ECB spike....is that the start of a new downtrend...or does price get supported and we move up
9740 area is aqua trendline
9700 area is green

it was the start of a new downtrend...we nailed it
supports got wiped out
posted at 2.24pm

 

[Dentalfloss]

in theory..it should bounce
a bad bounce and bears in for a killing
otherwise 1960 trend supp

hummin nicely
scalped in and out of retests

 

[Dentalfloss]

9420-9480 trend supp
breakdown/poss res 9600-9660 area
trend res 9780 area

nailed that 9420

 

[Dentalfloss]

stops tightened

 

[Dentalfloss]

stopped out
hummin

 

[Dentalfloss]

stopped out again...
excellent movement

 

[Dentalfloss]

9420-9480 trend supp
breakdown/poss res 9600-9660 area
trend res 9780 area

9600 hit overnight
Job done

 

[Dentalfloss]

Excellent rally on spx from our 1968 area we marked
Bounce nailed

 

[Dentalfloss]

Excellent rally on spx from our 1968 area we marked
Bounce nailed

40 point bounce
luvin it
except...not sure what happens next ??

 

[Dentalfloss]

what happens next
here it is

 

[Dentalfloss]

2002-2009 area res marked
prev supp and trendline res
this is not a screaming short
care here
we could get a false breakout
anything decent will have 2009 area as supp

 

[Dentalfloss]

pump or dump
first signas of trouble
the aqua area will be res...especially the trendlines
1995-200- area

 

[Dentalfloss]

a closer look
aqua trendline /area needs to be res on bounces
we can cope with any market maker messing around with that
also can deal with fakes
chart shows latest upmove from yesterday

 

[Dentalfloss]

dax over last 48 hours

 

[Dentalfloss]

above 9700 and especially 9744 area might be the place..no guarantees