Trading with point and figure

[MichaelJohnFX]

If GBPUSD can hold this current level aboveVAH, then we're going to 31st May VAL at 1.4578.

Edit: from VAH to VAL

Nearly there - 50 more points, then we turn IMHO

 

[NickBk]

I have here now 10160 first support, let's see if it holds.

After that next reasonable level I have is your 10080

Jury is still out on 160, had the usual Dax overshoot and now I guess waiting for the US open for it's lead.

A buck 50 on the Euro/$ won't be a big help for the Dax though.

 

[Dentalfloss]

spx

a possible downside count is building....tricky

 

[NickBk]

On a completely different topic how does a bit of damp weather in France give half empty stadiums for tennis semi-finals day. Sacre bleu

 

[MichaelJohnFX]

If GBPUSD can hold this current level aboveVAH, then we're going to 31st May VAL at 1.4578.

Edit: from VAH to VAL

Job done. :smart:

 

[NickBk]

Jury is still out on 160, had the usual Dax overshoot and now I guess waiting for the US open for it's lead.

A buck 50 on the Euro/$ won't be a big help for the Dax though.

definite break next stop 80 and Euro/$ nearly 2 bucks ahead.

 

[NickBk]

bagged a few and stopped will look to try again if we see 160 again

 

[NickBk]

definite break next stop 80 and Euro/$ nearly 2 bucks ahead.

Got there in the end.

Would like a discussion one day on how far we let the pullbacks go. Any input would be good. I am always playing with that but can't watch 30+ pullbacks on Dax or 30 on anything to be honest especially when some trades are looking at 30 tops at the outset.

Ok that's me guys. Good week and I am 6 hours ahead and watching the tennis.

Good luck and have a good weekend.

 

[MichaelJohnFX]

Would really love 10232 on the Dax

10080ish imho

Nailed.

Nailed GBPUSD too.

 

[Dentalfloss]

a possible downside count is building....tricky

negative bias..if 2094 becomes res

 

[Dentalfloss]

in our 2086 pivot area now
was negative on index /Brexit..played out well...NFP helped

 

[Dentalfloss]

dax..a bad bounce off 10K...bears in
spx 2086 bounce

 

[Dentalfloss]

2080 and then 2076
2084-2086 is a supp area

 

[Dentalfloss]

cable in a pivot area

data from 1st March

bounce from pivot to our res...missed the bounce
short from our marked res
posted at 7.42 am

 

[Dentalfloss]

GBPJPY a closer look at the latest downtrend

missed it

 

[Moneylender]

EJ back to where it started this morning!

 

[MichaelJohnFX]

Nearly there - 50 more points, then we turn IMHO

Excellent movement.

 

[MichaelJohnFX]

Done for the day chaps - have a great weekend. See you with a bottle of pernoni (in spirit)

 

[Dentalfloss]

spx
trendline looks a tad too steep...a pullback could never happen

 

[Dentalfloss]

dax
on a possible fake/ a pole..not quite into 50% area for the bulls to get tested as yet.10K psycho