Trading with point and figure

[Dentalfloss]

rez goes up to 18576 area
thats why it got shorted this morning

 

[Moneylender]

Was just going to say longs on dax

Nice rise, hope you got some of it.

 

[Dentalfloss]

dax
scalps from 10500
long
nowt else

workin well
scalps also from 18520

 

[Moneylender]

workin well
scalps also from 18520

I knew you would be on it, I had Doctor appt so only got 30 on way up but got the
earlier drop :cheesy::cheesy:

 

[Moneylender]

pips on offer this morning just taking the break outs, pink to go long and orange to go short.

 

[Dentalfloss]

cable
in 1.3130
pump or dump

and dump....excellenr

 

[Dentalfloss]

went for the easy option so far this morning
cable
gbpjpy and eurusd
all short scalp
missed dax tank

gbp shorts workin well this morning

 

[Dentalfloss]

gbpjpy

above 132.00 is rez
supp 130.80
areas

hummer
stops tightened...overshoot

 

[Dentalfloss]

cable
could get a bull test

data from 20th july

wham
excellent

 

[Dentalfloss]

dow should be in supp
lets see

 

[Dentalfloss]

gbp bounce
tight stops

 

[Dentalfloss]

took the bounce on dow and dax..tight stops
not ure where its going

 

[Moneylender]

dow should be in supp
lets see

Key support was/is at 18470 above this and bulls are happy for the
time being.

 

[Dentalfloss]

The Week Ahead - Bullet point highlights: 22 to 26 August 2016

- A relatively subdued week in terms of the statistical schedule, with surveys featuring heavily ('flash' PMIs, Ifo, national business and consumer confidence, CBI Industrial Trends Orders & Retailing Sales), alongside US Home Sales, Durable Goods, and revised / detailed Q2 GDP readings in US, UK and Eurozone

- Yellen's Jackson Hole Symposium speech on the Fed's "Monetary Policy Toolkit" on Friday will be the most anticipated event, not only from the aspect of divisions on the FOMC about the near-term policy outlook, but also following SF Fed's Williams paper "Monetary Policy in a Low R-star World" (http://www.frbsf.org/economic-resea...licy-and-low-r-star-natural-rate-of-interest/) earlier this week.

- Markets seem likely to continue to be in peak 'summer holidays' mode, with oil price gyrations and speculation about whether the official chatter about a production cut is anything more than an attempt to shore up oil prices against adverse seasonal trends.

- Govt bond supply is typically light, with the US conducting its usual end of month sales of 2, 5 & 7-yr Treasuries totalling $88.0 Bln, plus $13.0 Bln 2-yr FRN); Germany sells EUR 4.0 Bln 5-yr, and Japan offers 20-yr JGBs. As ever there will be a close eye kept on the Bank of England's QE Gilt reverse auctions, above all the over 15-yr leg on Tuesday.

- On the political front, rising tensions between Russia and Ukraine will be carefully monitored, as will Frau Merkel's round of EU Diplomacy that includes a meeting with Hollande and Renzi, and trips to the Czech Republic and Estonia.

- Central Banks: Turkey's TCMB is seen tightening its rate corridor once again with a 25 bps cut to its overnight Lending Rate, but keeping the lower bound unchanged despite huge political pressure for a more meaningful cut. Rates in Hungary, Iceland, Paraguay are seen unchanged.

- The US Corporate Earnings is largely done, though it will be a relatively busy week for Asia and the resources sectors.
from Marc Ostwald

 

[Dentalfloss]

took the bounce on dow and dax..tight stops
not ure where its going

stops very tight now

 

[Dentalfloss]

Dow
yesterday on 5 min bars

 

[Dentalfloss]

you can place trendlines on that chart quite easily
breakout points show nicely
pips there

 

[Dentalfloss]

Nas 100..pump or dump

 

[Dentalfloss]

DAX into the open

bears are goin to have a hard job to break that aqua horizontal/ green trendline
should bounce from that
a bad bounce and bears in for a kill
support starts at 10.5K
this is not a screamin short with that support area looming
IMHO

 

[Dentalfloss]

DOW into the open
a tad negative