Trading with point and figure

[Dentalfloss]

spx bounce into our 2093 area marked on the chart
excellent result
stops tightened

 

[Moneylender]

And out with 20, not going to plan then/!!! lol

might have another bite if it goes back into 85 area

 

[Dentalfloss]

And out with 20, not going to plan then/!!! lol

you cannot rally plan
most of the time is fiddling with inputs....does the market know you are expecting a reversal on a 10 point box size ??

 

[Moneylender]

might have another bite if it goes back into 85 area

Let that one go didnt retrace high enough.

Shower time bbs

 

[Dentalfloss]

tank into 9956 area/prev breakout
stopped out..there
excellent result

minor bounce from 9956
into res
it could break...flush out a few stops
lets see

 

[Dentalfloss]

cable back into 1.4720...possible fake
lets see

 

[Dentalfloss]

scalp short off our 2093 res
tight stop
gbp crosses lookin a tad bearish..not confirmed as yet

 

[Dentalfloss]

cable

 

[Dentalfloss]

cable a closer look

 

[Dentalfloss]

now we have a decent feel on gbpusd
at a brick wall res
poll...leave in front
1.4700 supp
then 1.4650 area /marked on the chart
dunno what happens next...lol

 

[Moneylender]

Back now. See we visited 9985 again, poss long into it and short out for the brave.
I am flat looking for next opportunity.

 

[Moneylender]

Second attempt at 10k !

 

[Moneylender]

Second attempt at 10k !

Well that was hard work for 15 points!

 

[Dentalfloss]

cable broken out
data from3months ago/hourly data
needs to have 1.4700 as supp

 

[Dentalfloss]

change the plot to hilo

 

[Dentalfloss]

10K dax workin well
scalps in and out
ditto 2093 spx

 

[Dentalfloss]

ok..
now a new fix on cable
1.4753-1.4812
possible test of 1.4800/round first
lets see how it handles that rez area
no sign of a top as yet

 

[Moneylender]

IG pole has leave in front!!

 

[Moneylender]

Over the weekend polls in Britain suggested voters are much more likely to vote “stay” instead of “leave.” Now we have prominent money managers, such as George Soros, saying if they leave, the pound will get hit hard and a recession will follow. It’s probably true, but it’s completely irrelevant. A vote to leave should be done because the benefits over several decades are significantly higher than the drawbacks. What happens in the next couple years shouldn’t matter. Maybe they do take a step back. So what. If it forms a foundation for future prosperity, then that’s your answer. I can’t imagine voting one way or the other based on what might happens in the next year. Oh well.

 

[swissy]

I'm sure George has a "position" regardless of the outcome.