Trading with point and figure

[Dentalfloss]

spx over last 24 hours
a recoil in a downtrend

 

[Moneylender]

Personally think the rally will start next week maybe from a higher point than where we are now, meaning todays rally will just be a recoil of yest move down.

 

[Dentalfloss]

Personally think the rally will start next week maybe from a higher point than where we are now, meaning todays rally will just be a recoil of yest move down.

yeah..could be

 

[MichaelJohnFX]

cant help thinking that this is the p/b before xmas rally....who knows ??

Obviously 2015 is different but it has happened every year for the past 3. P/b round the beginning of dec, then a monster rally that starts around mid dec. odds in ur favour.

 

[Dentalfloss]

Obviously 2015 is different but it has happened every year for the past 3. P/b round the beginning of dec, then a monster rally that starts around mid dec. odds in ur favour.

yeah
not putting money on it

 

[Moneylender]

Dax PP

 

[Moneylender]

Spx

 

[Dentalfloss]

spx into nfp
areas to watch

 

[Dentalfloss]

Spx

pivot and R1 seem ok
the rest are too far away...imho

 

[Dentalfloss]

Dax PP

same again
R1 and S1 too far away at this point in time.....but who knows ??

 

[Moneylender]

same again
R1 and S1 too far away at this point in time.....but who knows ??

They are all calculated from yesterdays prices and closes by CMC.
Agreed about the levels but it represents the larger movement yest

 

[timsk]

I did okay first thing and then got suckered into the chop and paid the price. So, staying out now until NFP comes out. Here's my take on the day with a 5 point Renko chart . . .

 

[Moneylender]

Good to have alternative methods Tim, not surprising similar to PnF

 

[boyplunger1929]

Do we rally today?
Downtrend is established
Cluster areas on the way down could halt the rally

Are eurusd,eurjpy,gbpusd,gbpjpy screamin shorts ?

agree downtrend now in play. draghi disappointed, such a flip flopper.

EURO short massively overcrowded trade, huge rally yesterday.

dax came off with extra rinse aid and plunger. awaiting nfp but good opp scalping this morning.

 

[Dentalfloss]

good one Tim
1 min over last 24 hours
downtrend got taken out last night at 8pm..ish
now in a minor uptrend

 

[Moneylender]

Hey good to have some more ideas from posters, keep em coming fellas.

 

[Dentalfloss]

that minor recoil could quite easily get taken out

 

[Dentalfloss]

i shall be passing round cups of rinse aid later on
no tea and biscuits for me today

 

[Dentalfloss]

our minor uptrend just gave us a minor rally...a test of res
lets see if the bulls have some muscle

 

[boyplunger1929]

cant help thinking that this is the p/b before xmas rally....who knows ??

whats the charts saying? the bulls need to defend their ground here.

drop to 10490 support area could happen today