Trading with point and figure

[Dentalfloss]

dow chart
deviation from 45 deg trend...possibly overbought a tad
pivot/aqua horizontal in 18540 area if it retraces
18640 area is rez /red
could go either way
last signal was bearish

 

[Dentalfloss]

decent dump from our 10750 rez area

 

[Dentalfloss]

gbp crosses gettin dumped from rez
excellent

 

[Moneylender]

sooner than that, i'm talking about within the next 30 mins.

It took an hour Chronic!!!!

Well done

 

[Dentalfloss]

oil/wti ...well and truly in the dog zone
no sign of any dump...as yet

 

[Dentalfloss]

sooner than that, i'm talking about within the next 30 mins.

 

[Moneylender]

Think I concur with that, might have to wait until after FED tomorrow though.

At trend supp now have to break it ti reach 630 again.

 

[MichaelJohnFX]

Gap down on the DOW. 18634 the close of yesterday. may attempt to try and close it before the close. Also a Low Volume Node (LVN).

Good part here is that the 10630 level on dax has been tested a few times. If that level is broken, most people, will try and short it. imho, the first break of the level will be a fake. But let's see.

 

[MichaelJohnFX]

Dow support area 18553-18544 - there now...

 

[Moneylender]

Dow support area 18553-18544 - there now...

closed my short here, sat in the sun couldnt read mt screen properly

 

[MichaelJohnFX]

closed my short here, sat in the sun couldnt read mt screen properly

Is DOW about to repeat exactly what the dax did in the morning and give that pump back?? whistling

 

[Moneylender]

Is DOW about to repeat exactly what the dax did in the morning and give that pump back?? whistling

Conflicting statements coming out of FED so anything is poss. Dont think I want to place another trade until there is a very good opportunity, might have to wait until tomorrow. My bias is short though.

 

[MichaelJohnFX]

Is DOW about to repeat exactly what the dax did in the morning and give that pump back?? whistling

out for a point lol. Hasn't quite reacted the way i'd like it to.

 

[Dentalfloss]

DOW

 

[Moneylender]

Confusing FED.

First we had this.

"a paper from San Francisco Fed President John Williams arguing that central banks might have to raise inflation targets, focus more on growth and back much looser fiscal policy in future.
To market ears, that all added up to a strong argument for keeping the Fed's rates unchanged for the foreseeable future and the dollar fell 1 percent against yen and around half a percent against the euro as Asian and European markets came back online"

Then we got this from Dudley.

""It's possible" to hike rates at the next scheduled policy meeting on Sept. 20-21, he said on the Fox Business Network. "We'll have to see where the data falls." The U.S. central bank also needs to watch "the broad supports for the economy" and how inflation plays out "in coming months," he said."

 

[Dentalfloss]

18600 lookin to be a real dog

 

[Moneylender]

18600 lookin to be a real dog

Resistance currently remains at 18670, but a break of 700 should take us to 18740-70, and possibly a run into 18840-80.

Think the sun has got to me!!!!

 

[Dentalfloss]

gbpjpy
excellent movement in and out of our 130.50 rez

 

[Dentalfloss]

dow in our rez area now
lets see how it handles it
18600

 

[Dentalfloss]

18620 might hold it