Trading with point and figure

[Moneylender]

Bounced off my Orange level of 18460, low was 18463, close enough I think.:cheesy:

 

[Moneylender]

Bounced off my Orange level of 18460, low was 18463, close enough I think.:cheesy:

Bounced to 18502, nice easy 40 pips there if you took it.

 

[Dentalfloss]

Bounced off my Orange level of 18460, low was 18463, close enough I think.:cheesy:

excellent
yo must mark out those areas
does not mean they will perform...but ,at least you have a good idea of where supp/rez is

 

[Dentalfloss]

Bounced off my Orange level of 18460, low was 18463, close enough I think.:cheesy:

exactly...you are looking for signals in those areas

 

[Dentalfloss]

mornin folks

 

[Moneylender]

Morning boss

 

[Dentalfloss]

Like this?

forgot to add
put some dates on the trend start and any important reaction points...so we know the look back period
the chart legend should be say 21 points by 3 reversal/hilo
15 min data

its good for the memory..you dont have to keep looking at charts to remind you what is happening

the green trendline should have a date
also mark off rez and /red..put a number on the area
7 pt by 3 hilo/15min at top of chart

if you put those on...i guarantee you you know whats happening within 3 seconds
stays in the memory better aswell

 

[Dentalfloss]

you know whats happening within a few seconds
the plot inputs are in the chart toolbox
timeframe is at the top..ws30/5min

[/QUOTE]

 

[Dentalfloss]

Bounced to 18502, nice easy 40 pips there if you took it.

the level was in your head..soon as it was near..then look for signals
thats all you can do
same with other levels you marked on the chart

 

[Dentalfloss]

you can see that all we were interested in was the uptrend since NFP
makes life alot easier

 

[Dentalfloss]

dax into the open

no shorts as yet..scalps only
1 box horizontal count gives a target of 10760 area

 

[Dentalfloss]

supports10.7K
10673
10660
then 10640
should be rez at 10750 area...bettter still if it gets to 10766-10780 ..ish

 

[Dentalfloss]

DOW

 

[Moneylender]

DAX into the open. You can see the levels numerical labels on right hand "y" axis, number in the squares are dates, hope this makes my charts clearer.

 

[Dentalfloss]

oil/wti
aqua is 42.00 on Nymex V6...corresponds to 41.25 area on WTI/Sept

 

[Moneylender]

Straight off my platform.

 

[Moneylender]

At the trend line now, will it hold?

 

[Dentalfloss]

should be decent supp 10640-10660 area
there now
lets see what happens

 

[Dentalfloss]

cable needs to take out 1.3041 area

 

[Dentalfloss]

18512 on dow...seems to be some sort of pivot area..there now
that pivot on oil we highlighted...seems to be very imporatnt
its 18512-18520..ish