Trading with point and figure

[Dentalfloss]

prev horizontal supp area red and green from 11350-11400...then 11400-11450
possibly 11500 to 12k on Thursday/Ecb day

 

[Moneylender]

At break out point now! dump is my fav

 

[Dentalfloss]

11340 is trend supp on 1 min
bounced from that

excellent bounce
scalp short aswell from 11400 area..

 

[Dentalfloss]

needs to hold 11370 on p/b

 

[Dentalfloss]

bear rinsed again

 

[Moneylender]

bear rinsed again

Had one shower this morning!!

 

[Dentalfloss]

11430 should the end of the bear rinse

 

[Dentalfloss]

 

[Dentalfloss]

Had one shower this morning!!

am i right in saying you got rinsed on a short about 11.05 am from 11388 area ??

 

[Dentalfloss]

my opinion...dont take it badly
w

we are all here to learn....

 

[Moneylender]

am i right in saying you got rinsed on a short about 11.05 am from 11388 area ??

Yes and it wasnt funny for a little while but looking a little better now.

 

[Dentalfloss]

i think you were trying to short from the red line which was prev horizontal res

 

[Moneylender]

i think you were trying to short from the red line which was prev horizontal res

Correct, then when it went against me I thought it wouldnt go far so took the pain

 

[Dentalfloss]

but
if you look at the 1 min i just posted
before it tested that horizontal res it had broken out/aqua
pumped thru the res
No signal
that is the difference between calling levels and trading the price action
sorry to be a nag...levels are for guidance only

 

[Dentalfloss]

anyway lets carry on
move on to US session

 

[Dentalfloss]

spx looks ready for a pump

 

[Dentalfloss]

2084-2088 should be supp there

 

[Moneylender]

Everything starting to look weaker

 

[Moneylender]

closed my short with 30

 

[Dentalfloss]

11430 should the end of the bear rinse

yes sir
we knew it was fake
bears got even ..lol