Trading with point and figure

[Dentalfloss]

p/b into our 11330 area we marked earlier..then a retest of 11350 area
will 11350 pop ??

whammo...our res dumped

 

[Dentalfloss]

anyone got any thoughts on euro, how low can it go, real choppy trade

1.0650 been a real dog over the last week or so

 

[Dentalfloss]

im short 40 and 45... tight stop

good
11350 as we marked yesterday was the sweet spot..imho

 

[Dentalfloss]

stopped out for a good run

 

[Dentalfloss]

11330 could be res....
let the fun begin..lol

 

[Dentalfloss]

nope..not yet
11350 area again

 

[Dentalfloss]

updated 1 min shows pivot area

 

[Dentalfloss]

11350 area working well

 

[Dentalfloss]

price bouncing between our pivot at 11312 and 11330
one side should break

 

[myattitude]

Hi Dentist, nice to see you still going strong on here.

 

[Dentalfloss]

Hi Dentist, nice to see you still going strong on here.

i find that if i post...it really does help my trading...big time
i encourage others to do the same:smart::smart::smart:

 

[Dentalfloss]

i find that if i post...it really does help my trading...big time
i encourage others to do the same:smart::smart::smart:

if you get it wrong..it is not a problem...it was your thoughts
but....we have had very very few wrong uns on this thread

 

[Dentalfloss]

dax over the last week,,,and into the open
we either break higher or bulls get tested

 

[Atilla]

DAX Daily PP

From close of Friday DAX PPs. Chart looking bearish imo however, I think we'll see more rises.

fwiw guessing we'll see a quick test of PP or PP-S1 around 11188 and then another bull run to 11396 & 11486s.

11000s - PP-S2 likely to be strong support with talk of Draghi doing what ever it takes and brandishing the letters QE all over the place. Euro @ 1.06s also is bullish for the DAX and I really can't Fed raising rates or QE being big so expecting Euro to climb back up to 1.08s sooner or later in which case perhaps after DAX has had a good run at 11600s it may cool off.

So more upside after a brief retrace imo.

 

[Atilla]

SPX Daily PPs

SPX looking staunted at it's peak but similarly feeling bullish about SPX because personally I do not believe rates will rise, thus the markets will take that as positive and rally higher.

Think we'll try to take out PP-S3 @ 2112 sooner or later. Don't know if we'll see 2130-50s again but it is the festive season and on low volumes many strange finger fumbling can occur.

Downside is PP-S3 @ 2070 but if we do start probing these levels I doubt it will hold if the real fear of a rate rise takes the markets and we can see it go lower. Remote possibility but unlikely imo.


So onward and forwards to infinity and beyond we go...

 

[Dentalfloss]

morniin

 

[Dentalfloss]

not alot happening as yet

 

[Dentalfloss]

into the open
price in a comsolidation

 

[Moneylender]

Good morning, let the games begin.

 

[Dentalfloss]

chart shows price movement since last Thursday
red lines are between 11260- 11350

aqua starts at 11220-11250
green 11180