Trading with point and figure

[Pat494]

Do you ever post any trades in advance ?

 

[Dentalfloss]

Dow 18251-18222. Coming into a very big support area imho.

there now...will it hold

 

[Dentalfloss]

updated 1 min

 

[Dentalfloss]

moved away from trendline..tad oversold

 

[Dentalfloss]

18260 first test of rez..there now

18235-18240 needs to support

 

[Dentalfloss]

looks like we are in the supp area
tad oversold aswell
no guarantees

 

[Dentalfloss]

looks like we are in the supp area
tad oversold aswell
no guarantees

now we can think about catching the falling knife...need to see first rez get taken out
been short all minor rallies
no more uneless it looks bearish

 

[Pat494]

Do you ever post any trades in advance ?

That's a no I guess.

 

[Dentalfloss]

think we rally now...could be a trap...lol

 

[Dentalfloss]

That's a no I guess.

i cannot...cos..i am not relying on levels
the levels for me are only a guide
i take signals from 1 min
as you can see..i post the chart with some areas i think that might give me some signals...that can or might not happen
i do post in advance if its a pump or dump with a wider pattern

 

[Dentalfloss]

Attilas pp S2 @ 18225
biig confluenec of technicals at that level

 

[Dentalfloss]

Do you ever post any trades in advance ?

it does not work like that with p/f
the market does not know that i am expecting a reversal on a 10 point by 3 reversal on dow.basically,we are filtering the data and we come up with areas as the inputs are not static
we then are looking for p/f signals
so..uneless we get a wide pattern before the breakout, which does happen..there is very little time to start posting trades in advance

 

[Dentalfloss]

18288 poss big rez
lets see how it gets handled

 

[Dentalfloss]

nope....supp did not hold

 

[Dentalfloss]

as we say..the levels are only a guide

 

[Dentalfloss]

as we say..the levels are only a guide

accounts wiped out today..calling levels...lol

 

[Dentalfloss]

updated 1 min
trend did not get tested
kept short..

 

[Dentalfloss]

think we rally now...could be a trap...lol

trap...lol

 

[Dentalfloss]

updated 1 min

 

[Dentalfloss]

selling got more intense at 4.30pm
lower red trendline
moved away from main trend