Trading with point and figure

[NickBk]

Ok so my fxcm account up ~9% so far today, last months winner gained 1639%, so by my rough calculations I need to compound at 13.5% per day, simples!

https://www.fxcm.com/uk/advantages/mini-account/trading-contest/

You wont do that with Dax, the winners I understand come from highly leveraged fx trades and multiple entries.

 

[Moneylender]

Morning all, Late one for me, missed all the action eh!

 

[f2calv]

You wont do that with Dax, the winners I understand come from highly leveraged fx trades and multiple entries.

To be fair I'm not restricting myself to just DAX, I generally trade whatever is moving [although I much less successful on forex] - but yes this morning was indeed daxy.

And yes I'll most certainly be pyramiding into winning positions when possible

FYI - I'm going to take posting of my results over to my journal to keep this thread pure P&F.

 

[Dentalfloss]

dax updated

 

[Dentalfloss]

breakout area was 10388 area
magnetic this morning

 

[Dentalfloss]

18500 rez as we said
took dax with it
excellent

 

[Dentalfloss]

oil/wti off our rez nicely
chart marked at the weekend

 

[Dentalfloss]

dax
dump to our 10388 breakout area
excellent

 

[Dentalfloss]

18478 area hit
excellent

back down to there
excellent

 

[Dentalfloss]

breakout and 50% area is 18456-18478..ish
18500 supp first

testing that area now
lets see if it holds

 

[Dentalfloss]

cable
should be in a supp area
lets see if it holds

 

[Dentalfloss]

in our 18462 area
if it breaks ...becomes rez ??
spx now testing breakout area 2176.50
19470 supp on dow...rez ? 1 min candle

 

[Dentalfloss]

18456 now
we could bounce
oil/wti still dumping
41.00...could bounce

 

[Dentalfloss]

18456 now
we could bounce
oil/wti still dumping
41.00...could bounce

and bounce
taken dax with it

 

[Dentalfloss]

bounce on wti aswell
excellent

 

[Dentalfloss]

in our 18462 area
if it breaks ...becomes rez ??
spx now testing breakout area 2176.50
19470 supp on dow...rez ? 1 min candle

18470 hit on bounce...correction..not 19470
excellent

 

[Dentalfloss]

18470 hit on bounce...correction..not 19470
excellent

and plummet
dax went with it
excellent

 

[Dentalfloss]

cable gettin some supp
seems to want to hold

 

[Dentalfloss]

cable gettin some supp
seems to want to hold

nope..not yet

 

[Dentalfloss]

dow updated