Trading with point and figure

[Dentalfloss]

bears could get a lookin....no guarantees..lol

 

[Moneylender]

they have to break this 65/70 level first!!

 

[Dentalfloss]

excellent work by Moneylender

 

[Moneylender]

excellent work by Moneylender[/QUOTE]

thank you master!

 

[Dentalfloss]

11117 area nailed
scalps in and out

 

[Dentalfloss]

they have to break this 65/70 level first!!

that was our res from yesterday
yeah
2080 on spx

 

[Dentalfloss]

update on our spx chart

 

[Dentalfloss]

spx uptrend since the open on mMonday morning
aqua area is goin to take some heavy pumping by the bears to get below it

 

[Dentalfloss]

they have to break this 65/70 level first!!

still holding..slightly lower
as we said....areas not actual levels

 

[Moneylender]

tightened stop on a small long from 60 area

 

[Dentalfloss]

tightened stop on a small long from 60 area

:smart::smart::smart::smart:

 

[Dentalfloss]

updated spx

 

[Dentalfloss]

range has tightened ...something is goin to give
either the supp...then we test 2070-2076 area
or we test 2092-2094 area
2073 seems to be 50% area

 

[Dentalfloss]

updated dax

we have tested that 50% area

 

[Moneylender]

Looking at the DAX over a shorter tf and it looks like it has run out of steam and is turning down,
given that the real market is closed that could all change tomorrow morning.

 

[Moneylender]

Dow is closely following Snp but am not sure its topped out of this high?

 

[Dentalfloss]

If its a top thre is distribution
One box reversal
Where is the row of most filled boxes
Possibly at the top...
Or middle to the top
Any pivots in that area
Dax...something like 3 point by 1 reversal on 1 minute
You can see it on min candle aswell....lots of ink at the top.?.usually a consolidation

 

[Dentalfloss]

other methods
3 box reversal..the minute an "O" is printed..then you can place a 45 trendline..check the reaction at or around the trendline
one box reversal...see if the price produces the First bullish signal...then you can draw a subjective trendline...check the reaction
or oscillator divergence on candles/bar
so..there are a vatiety of methods
better still..if you get a test of res on candle/which was a prev supp...the reason.....the whole world sees that and usually that is where the reaction is.ie supp becomes res

 

[Dentalfloss]

top in the dax today on 1 min

 

[Dentalfloss]

signals from that chart
pivot/aqua was res ..early entry
later entry/confirmtaion..it broke down again and took out green trendline
it then recoiled into prev supp which became res and gave a bullish signal...we could then draw a trendline
we also knew that we were in res
also note the the rows at the top were filled with "X' and "O's

We did not call the level...we examined the price movement...big difference