Trading with point and figure

[Dentalfloss]

4 hour data shows the uptrend from NFP in October
strong supp area is 11k
res area/red is 11150-11200
a break above 11200 is poss trap area
11140 acted as a res area this morning...in line with our chart inputs
11150 area needs to act as supp for any push upwards

 

[Cigar]

dax
1 min bar chart
no real range expansion of lows as yet
1 sma /red


This probably sounds stupid, but can you show a 'range expansion'. thanks

 

[Dentalfloss]

from NFP in October..bears hardly had a look in...lol
lots of rinse aid used..

 

[Dentalfloss]

p/b to 11150 on 1 min ..up for a retest of 11180..scalps in and out

 

[Dentalfloss]

dax
1 min bar chart
no real range expansion of lows as yet
1 sma /red


This probably sounds stupid, but can you show a 'range expansion'. thanks

dax seems to be at major res
so have switched the 1 sma to highs
nothing has happened yet
am waiting for a downmove

 

[Dentalfloss]

if we get into a downmove ..then i want to track the highs
if i am short..then its against my trade
if the 1 sma on bar chart increases its highs/range by 5-7 points..then i am on alert
in theory its printing a reversal box..ie an "X'
the lo/hi plot is against the trend..so it is an early signal
whereas hilo plot is with the trend

 

[Moneylender]

Early finish for me today guys. Good luck for the rest of the session. Back in the morning.

 

[Dentalfloss]

retest 11184 area..lets see if that pops
dont think it will just yet ...imho
..lets see

 

[Dentalfloss]

retest 11184 area..lets see if that pops
dont think it will just yet ...imho
..lets see

decent scalp short in
stop tightened

 

[Dentalfloss]

bounce at our 11150 area
excellent movement

 

[Dentalfloss]

hit 11181 which was prev supp on 1 min...then down again to test 11150 area again
will it break ??

 

[Dentalfloss]

hit 11181 which was prev supp on 1 min...then down again to test 11150 area again
will it break ??

not yet
another bounce from 11150 area
scalps in
tight stop

 

[Dentalfloss]

spx goin to pump or dump aswell
]

2078 area trend supp if it fails

 

[Atilla]

spx goin to pump or dump aswell
]
[/IMG]
2078 area trend supp if it fails

Same here have PP-S1 @ 2072

fwiw thinking it will pump up to PP-R2 @ 2108

 

[Dentalfloss]

our 11150 asupp area held overnight
zip ..
rally into res

 

[Dentalfloss]

updated chart
price has broken out/red "26" area

 

[Dentalfloss]

scalp long closed...
possible bull trap

 

[Dentalfloss]

scalp long closed...
possible bull trap

dong...
it went higher
was gettin scared..lol

 

[Dentalfloss]

dong...
it went higher
was gettin scared..lol

no range expansion on 1 sma of the lows
should have stayed in...lol...who cares
walk away...next trade please

 

[Dentalfloss]

updated 1 min

you can see where the trade should have been closed