Trading with point and figure

just thinking that spx could bull test and take dax and ftse
no real sign of a top...as yet...who knows..lol
 
dentist007 said:
CHAV up...big time today
Mines a pint of Stella
Click to expand...

Sure Mr D, be my pleasure :)

Who could have guessed fall in pound would add to EoY results. AGM tomorrow. Reuters suggests this will reflect well on earnings. :cool:

Another one to add to the CHAV list is, Asian friend STAN. Down to 1/3 of it's value from 2013. China taken the stuffing out of it. Upside greater than downside. Worth a punt. Fall in pound should help with that too.

Pound doing well. Expecting 1.32 to act as support now. 1.34 should be achieved fairly quickly if market likes new appointments.

(y)
 
next rez..poss minor is 2158.50 area
really tricky now
over extended and could give a possible fake
or might break and continue
still no sign of a top..though
 
dentist007 said:
next rez..poss minor is 2158.50 area
really tricky now
over extended and could give a possible fake
or might break and continue
still no sign of a top..though
Click to expand...

No idea here either. Given up on falls. I reckon correction well over due but 2200s shaking it's rear saying come get me. Now that 50s gone has to try for 2180s next imo.

Market has built up inertia and momentum. Not a good idea to stand in front of a freight train, especially with Brexiters getting shafted. :whistling
 
SPX support coming in at 2145 ?

syzBNLv.png
 
f2calv said:
SPX support coming in at 2145 ?

syzBNLv.png
Click to expand...
good charting
it looks very accurate
AHEM....may i make a criticism
lengthwise...trends are more apparent if aspect ratio is maintained...makes em much easier to read..imho
also you cannot place 45 degree trendlines on the elongated chart
see the chart underneath
 
Last edited:
you can see the downwad column from the top we marked before the US open...column of 'O' s
it should bounce
bears will be looking for a bad bounce
lets see what happens
 
dentist007 said:
good charting
it looks very accurate
AHEM....may i make a criticism
lengthwise...trends are more apparent if aspect ratio is maintained...makes em much easier to read..imho
also you cannot place 45 degree trendlines on the elongated chart
see the chart underneath
Click to expand...

Yes no problem with feedback/criticism - yes I see what you mean.
Unfortunately it's a console application so each x/o (letter) is sized at 8x12 so in its current form it's not possible to get each letter an even size (i.e. 12x12 pixels) so 45-degree trend lines won't look quite right at the mo as you say.

However right now I'm taking a week off coding and actually trading off horizontal s/r lines (yes crazy I know) to see how it works out, diagonal trends will have to come after my second summer holiday next week, although if I'm honest I'm not 100% sure about creating them yet :confused:
 
dentist007 said:
it should bounce
bears will be looking for a bad bounce
Click to expand...

One question... how would you define a "bad bounce" ... does time factor at all in your decision that it's gone Pete Tong it or purely based on P&F signals?
 
mornin all
a happy Bastille day to all
a few glass of Cote du Rhone later for me to help with the celebrations
 
its better for us...that it pops
gives us more meat to play with
market makers just did us a big favour...premarket aswell...even better
 
You must log in or register to reply here.

Similar threads

Michael Carr
  • Article
Equities Technical Analysis Testing Point & Figure Patterns
Replies
0
Views
3K
T2W Bot
T2W Bot
S
Point&Figure
2
Replies
39
Views
7K
subarashi
S
M
Point and Figure
Replies
2
Views
1K
Dentalfloss
Dentalfloss
A
Point and Figure box size for commodities
Replies
4
Views
4K
TWI
TWI
William Rafter
  • Article
Technical Analysis Point & Figure Gone High Tech
Replies
18
Views
9K
GruntnoWay
G
Top