Trading with point and figure

[Dentalfloss]

Would be helpful if one of the topic you could cover is if you've identified a support or res area and it blasts through, how do you know to change your bias

trend breaks....always
occasionally you get an impulsive move...rarely
always get a change in trend

 

[Dentalfloss]

we were right this morning....a low pole
watch out...they can recoil....quickly

quick recoil....excellent

 

[Dentalfloss]

2069 prev supp..became res
stopped out
excellent run
dax did the same

 

[Dentalfloss]

2069 prev supp..became res
stopped out
excellent run
dax did the same

scalp shorts in from those levels
stops tightened

 

[Dentalfloss]

does 10k and 2060 support or do we go lower ??

 

[Mr Sept]

.....the Dollar 'wil'l strengthen.

 

[Dentalfloss]

doa in a pivot area

 

[Dentalfloss]

high pole/aqua
gut feeling.....there could be a low pole..ie a reasonable move down below green...that gets bought...ish
it could be totally wrong...lol
spx since 27th April...5 minute data

posted at 9.45 am this morning
extra Peroni for me tonight...

 

[Mr Sept]

Sells some 10200 and 10400 May Dax Calls

...takes a look at where the 10200 and the 10400 Mays Calls are.

 

[Mr Sept]

Gentlemen that is 'my week' done. I wish you a great weekend.
Happy Hunting.

 

[Moneylender]

And you Mr Sept, bank holiday here Monday so might be fun again

 

[Dentalfloss]

SPX into the open
some pivot areas marked

 

[Dentalfloss]

bears will want to get 2050 area as res
bull want to hold that as minimum supp area
bulls will want to get 2070 as support
first move for the bears...get 2070 as res..then they can work on 2050
first move for the bulls...take out 2070 and hold it as upp on test and retest
could go either way..take the signals

 

[Dentalfloss]

dax into the open
bulls want to keep it above 10K
10129 bull test area
bulls more confident if 10129 pivot holds as upport on test and retest

 

[Dentalfloss]

dax 1 minute
10056 is trend supp/green

 

[Moneylender]

Morning boss

 

[Dentalfloss]

bounced at 10068..we were out...we had 10056 area
that is not a problem...cos the market does not know our box size/reversal
so we were looking for the bounce area anyway

 

[Dentalfloss]

10056 excellent
our 10100 res workin well

 

[Dentalfloss]

spx 1 minute

 

[Dentalfloss]

some detail