Trading with point and figure

[Dentalfloss]

18412-18419 and chart gets bearish
should be supp in that area

 

[Moneylender]

You guys should pay me to stay away, you get huge movements when I am not here!!

 

[Atilla]

cable gettin some supp
seems to want to hold

I think cable will hover between 1.30-1.32 until BoE decision on Thursday.

It should hold as I don't see a reduction as certain and don't think it will make much difference either.

Long term range 1.28-1.32 band continues imo.


For today I have

R1 @ 1.33067 (got rejected on Friday more of a shake out imo)
PP @ 1.3230
S1 @ 1.3154
S2 @ 1.3075
S3 @ 1.3010

Bearish over all.

 

[Dentalfloss]

F2...how is your fxcm goin ??

 

[Dentalfloss]

dow into the open

 

[Dentalfloss]

does that supp area hold ??

 

[Dentalfloss]

DAX...fake

 

[f2calv]

F2...how is your fxcm goin ??

lol now -4%, left a dax long running whilst I was out and got stopped out at 10340... now, totally fell for the dax bull trap.

 

[swissy]

Jeff York lookin for an spx sell signal next week at 2181
Saying that trends usually end at YR1.....the yearly pivot
Not sure how the yearly pivot is calculated
Pivotalpivots.com
Algos trade from pivot to pivot

Lets see what happens

That seemed to work well this morning (took FTSE down). Thanks for posting.

 

[f2calv]

F2...how is your fxcm goin ??

Lol now up ~4% gotta love upping position size!
All thanks to a cheeky dow short, flat now.

 

[Dentalfloss]

down we go
supp in at 18380...lets see what happens
18432 rez...lets see if it makes it

 

[Dentalfloss]

Lol now up ~4% gotta love upping position size!
All thanks to a cheeky dow short, flat now.

keep up the good work....we dont want you to let us down

 

[Dentalfloss]

That seemed to work well this morning (took FTSE down). Thanks for posting.

spx went to 2183 overnight...so well into rez...dow did not break our rez
ftse down 100 points
good stuff...plenty of pips to ya

 

[Dentalfloss]

supp area held on dow
excellent
into our 18432 rez
took dax with it

 

[MichaelJohnFX]

10258-10272. Really strong area. Fails to hold, Dax starts looking very bearish imho.

Bulls are really defending this area.

 

[f2calv]

18432 res held only for a while, if we retrace all the way back up...

 

[MichaelJohnFX]

Should be a very good week this week seeing as we ranged for the last 3 or so session. 10350 area very important imho. A break, and then a retrace below that level, which if acts as res, is a pretty negative signal. Could see the 10000s this week. Looking to see what happens on monday's open

This scenario is still possible imho.

 

[NickBk]

This scenario is still possible imho.

I wouldn't agree there.

Again they had a chance to sell off and didn't take it today.

Creep higher till Friday I guess.

But I would rather down to your 10000 and more pips all round.

 

[MichaelJohnFX]

I wouldn't agree there.

Again they had a chance to sell off and didn't take it today.

Creep higher till Friday I guess.

But I would rather down to your 10000 and more pips all round.

200+ point sell off wasn't enough?! But I think I see what you're saying. It basically need to blow that 10274-10256 area. But I honestly think we'll see the 10000s. It bounced pretty hard off 10350 just before the cash close.

 

[Dentalfloss]

18467 rez from friday
and
plummet
luvin it