Trading with point and figure

[Moneylender]

Well that was a whole lot better I must say.

Got a good few sold near the top and half off now with a tight stop and target of 228/30

Well done Nick, are you using your own PnF now or using 007's level?

:clap::clap:

 

[NickBk]

Dentist do you trade many fx pairs?

gbp/yen super again today

 

[NickBk]

Well done Nick, are you using your own PnF now or using 007's level?

:clap::clap:

I actually use a notebook (don't laugh) and of course get great info here, good for getting consensus and also been using our friend f2calv's superb efforts.

On the Dax I like to trade big size in the first hour or so with the more violent swings and then take it easier as the day goes on.

Now I trade a lot of FX too. FX accounts for over 50% of my activity now but my love of the Dax will never die, particularly openings.

 

[Moneylender]

I actually use a notebook (don't laugh) and of course get great info here, good for getting consensus and also been using our friend f2calv's superb efforts.

On the Dax I like to trade big size in the first hour or so with the more violent swings and then take it easier as the day goes on.

Now I trade a lot of FX too. FX accounts for over 50% of my activity now but my love of the Dax will never die, particularly openings.

Brilliant, well done, note book is so so handy, I use one as well. Think we are all waiting for F2 system to go live, but he is dragging his feet a little. ( joke F2)

Well done again.

 

[Dentalfloss]

oil//wti
res in 49.64-49.81 area
needs to stay under 50.00 ish

 

[NickBk]

Target hit and a couple more.

Not a bad morning.

 

[Dentalfloss]

Dentist do you trade many fx pairs?

gbp/yen super again today

eurusd
eurjpy
gbpusd
gbpjpy
oil/wti
xauusd
sometimes nothing happens in p/f terms on many of these..for hours

 

[NickBk]

eurusd
eurjpy
gbpusd
gbpjpy
oil/wti
xauusd
sometimes nothing happens in p/f terms on many of these..for hours

When they get moving they can sure move though.

I use the p/f for looking at likely target points rather than as a trade instigator. It works really well too.

 

[Dentalfloss]

gbpjpy into res as we marked
vote in..lol

 

[NickBk]

gbpjpy into res as we marked
vote in..lol

We have another 3 weeks on this one add that to the yen issues and bingo.

 

[Dentalfloss]

gbpjpy into res as we marked
vote in..lol

pump...again
excellent

 

[Dentalfloss]

pump...again
excellent

into our res and out..again

 

[Dentalfloss]

into our res and out..again

workin nicely

 

[NickBk]

workin nicely

I'm currently a buyer around 87 and seller at 110

 

[Dentalfloss]

I'm currently a buyer around 87 and seller at 110

you might need to be just a buyer

 

[Dentalfloss]

horizontal res at 157.17 to 157.31 area
trend broken

 

[Dentalfloss]

supp test at 156.75.ish
mass of res if there is an upmove and could get shaken out

 

[Dentalfloss]

change of trend....exactly where we want to be
trend broke about 90 mins ago

 

[Dentalfloss]

possible trend break on cable

 

[Dentalfloss]

possible trend break on cable

yes...but ..no bulls as yet