Trading with point and figure

[Moneylender]

I had something similar!!!
Missed the short from 700 but got the long back up ;-)

 

[MichaelJohnFX]

Watch for that 10628-10610 area.

 

[MichaelJohnFX]

Watch for that 10628-10610 area.

Idea behind this is that people will see a break of the 10635 level (Broken now) and front run it with shorts. Could catch a few people out. Let's see, but 10635 has to hold as support on the break above.

 

[MichaelJohnFX]

Other areas to note..
10580-10560
10540-10520

 

[Dentalfloss]

Closed @ 672, nice one. I love early pips

told ya...dont go back to bed...

:smart::smart::smart:

 

[Dentalfloss]

nevr walk away from a confused market...lol

 

[Moneylender]

Jumped into a long at 620, lost a few pips there!!!

 

[NickBk]

I have 575/80 as a buy

 

[MichaelJohnFX]

Idea behind this is that people will see a break of the 10635 level (Broken now) and front run it with shorts. Could catch a few people out. Let's see, but 10635 has to hold as support on the break above.

Nope. No signal, no trade lol

Still think this is trapping shorts though.

 

[Dentalfloss]

10700 and 10630 areas hit
excellent[/QUOTE]
excellent
10580 area hit
b ounced at 10630 into 10675 area/prev supp on 1 min
then plummet
supp should come in

 

[Moneylender]

I have 575/80 as a buy

Good call, better than mine, wish I had waited.

Smack on a S2

 

[NickBk]

Good call, better than mine, wish I had waited.

Smack on a S2

Those graphics make it look easy, my number is from my notebook, not made any money yet though. Nearly moved the stop up but was premature.

Need 10600 for stop to b/e and then 1st target is 625 1/3 then 640 1/3 then fingers crossed. s/l at 558.

 

[Dentalfloss]

areas of interest..
should be decent supp in 18515-18528 area aswell

dow in our supp area

 

[f2calv]

Well unlike yesterday I strapped a pair on and took the dax long at 10580-ish

 

[NickBk]

Those graphics make it look easy, my number is from my notebook, not made any money yet though. Nearly moved the stop up but was premature.

Need 10600 for stop to b/e and then 1st target is 625 1/3 then 640 1/3 then fingers crossed. s/l at 558.

Was a nice idea but out for scratch.

Like watching paint dry tbh.

 

[MichaelJohnFX]

Was a nice idea but out for scratch.

Like watching paint dry tbh.

Expected a much cleaner / sharper reaction of that 10580 level to 10635. Didn't get it, and much like you got out for a few points. Confirms this is a genuine breakout then lol

 

[Dentalfloss]

any reason for dax tank ?

 

[f2calv]

any reason for dax tank ?

possibly some problems with a Portugal bailout/eurozone issue, but I'm hoping its just a long overdue bull test...

 

[MichaelJohnFX]

any reason for dax tank ?

Manipulation ahead of FED? / Comments from Dudley Yesterday?

 

[Moneylender]

any reason for dax tank ?

F2 went long!!!!!!!!!!!!!!!!!!!