Trading with point and figure

[Moneylender]

Nice bounce off it.

Stops tightened

 

[Moneylender]

And out @97

Banked a few there!

 

[Dentalfloss]

And out @97

Banked a few there!

excellent...good start to the week

 

[Dentalfloss]

spx has printed a minor reversal

2086 is where it printed the reversal..that is a bounce area..there now
2093 potentail res area /red
2076 is 50% of the pole
2070 breakout area/aqua
we either break higher or test those areas

 

[Moneylender]

Pivots today are:

R1 11159
PP 11104
S1 11043
S2 10987
S3 10926

 

[Dentalfloss]

Pivots today are:

R1 11159
PP 11104
S1 11043
S2 10987
S3 10926

can you post spx pivots

 

[Moneylender]

My pref is down but lets see what Mr Market does from here.

 

[Moneylender]

Spx pivots are:

R3 2118.31
R2 2107.76
R1 2089.80
PP 2089.25
S1 2081.29
S2 2070.74
S3 2062.78

 

[Dentalfloss]

dax
the range has tightened...gonaa pop.....

 

[Dentalfloss]

its all just lookin a tad bearish..imho
but there are plenty of supp areas
difficiult ...

 

[Moneylender]

11043 at S1 is my guess first, wish I had taken the short off 115 now!

 

[Dentalfloss]

11040-11120 area a big res on this chart
10880 area should be strong supp
daily data
80 point box by 3 reversal
close plot

as we said at 8.22 am...11120 hit at 9.13 am
11120 res
anything above 11040 was i the res area..imho

 

[Moneylender]

11040-11120 area a big res on this chart
10880 area should be strong supp
daily data
80 point box by 3 reversal
close plot

as we said at 8.22 am...11120 hit at 9.13 am
11120 res
anything above 11040 was i the res area..imho

spot on imo

 

[Dentalfloss]

a real messy day
that res has to get sorted one way or the other

 

[Dentalfloss]

a real messy day
that res has to get sorted one way or the other

mess= points...we carry on regardless

:smart::smart::smart::smart:
LOL

 

[Moneylender]

Are the US closed today as well? So wont expect too much from market.

No scrap that its Thurs they are closed!

 

[Dentalfloss]

dax over the last week
looks like a top is in..but 11k a big supp area
first is 11050 area/moneylenders supp area

 

[Dentalfloss]

it has the look and the feel of a minor top in spx...no guarantees
5 min data

 

[Dentalfloss]

the ink seems to be at the top on 5 min candle..latest consolidation
no guarantees

 

[Dentalfloss]

the ink seems to be at the top on 5 min candle..latest consolidation
no guarantees

some consolidations tell you alot
some tell you nowt
this is a semi nowt one...lol
as you can see...p/f you are virtually always in a trade..we always want to take positions within a consolidation in anticipation of the break