Trading with point and figure

[Dentalfloss]

Excellent bounce on spx and dax
Supp nailed

 

[Dentalfloss]

update on spx chart
an excelent bounce to trend res/red at 2094 area
then a p/b to 2086...which was prev breakout point on 1 min

been an excellent NFP

 

[Dentalfloss]

All pumping nicely

 

[Dentalfloss]

All pumping nicely

excellent movement on spx and dax
tightened stops

Peroni served up very soon

 

[Dentalfloss]

dax into the opening bell
chart data is from 3rd november
not too much happening
we either break higher/red horizontal or bull test on the pullback
whoever was short for NFP got rinsed
11k area/pink horizontal, marked
mauve is 10960-10980
top aqua /breakout point in 10940-10960 area
lower is 10908-10926
trend supp/green in 10920 area
there is horizontal supp underneath at 10890,10872,10854...right down to 10800..short term

 

[Dentalfloss]

spx into the open
you have to be mega careful with this one....but if you are.. it should yield plenty
the upmove since 27 October
it has pulled back from 4th Novemeber to trend supp/green and prev breakout point on 29th Novemebr..a possible bull flag
but.....
there is a bearish signal near the trendline..this can happen before an upmove....BEAR TRAP/fake bearish signal and we get the upmove
or....
market is bearish and the bear signal plays out
hence...no bias....lol



market is in limbo
nothing is confirmed..either the bull flag or the bearish signal until it breaks
the good bit....hopefully there will be many fakes....lol...that is what we want

 

[Dentalfloss]

dow into the open
not bearish as yet
some areas marked
mauve supp held for nfp and off it went

a stack of horizontal res up to 18k

 

[Dentalfloss]

mornin all

 

[Moneylender]

Good morning, other thread is dying.

 

[Dentalfloss]

dax
1 min chart since Friday open
you can see the move from NFP which is now a horizontal supp/aqua 10930-10940 area

 

[Dentalfloss]

Good morning, other thread is dying.

not our problem...
the thread is not for shouting out levels
we are here to trade the price movement...far better and much more profitable...imho
you can see that from Fridays postings and thursday
calling out levels bears no real relationship to p/f trading...except as a guide
the only time we can get it wrong is a false break/a trap...thats it
you will get trapped...but if you are careful it will not happen often

 

[Dentalfloss]

hit our 10940-10960 area which we marked at the weekend and bounced to 10980 which was prev breakdown area on 1 min
back in for retest of 10950 area
nowt new
points in

 

[Dentalfloss]

more detail on 1 min

 

[Dentalfloss]

a much clearer picture
price stuck in that pivot area

 

[Dentalfloss]

trend supp 10905-10920 area
just broke that pivot
10935 prev breakout

 

[Dentalfloss]

excellent scalps from that pivot area marked

 

[Dentalfloss]

spx since the 30 october
latest break/thick green..price pulled back this morning to trend supp 2092 area..now bouncing
points in

 

[Dentalfloss]

stopped out at 10977 for a good run/prev horizontal res area

 

[Dentalfloss]

more detail on 1 min

excellent movement from our pivot area /pink horizonta;

 

[Dentalfloss]

11k res on that cahrt
scalp out of that aswell
2092 area being very fruitful..as we posted scalps in and out