Trading with point and figure

[Dentalfloss]

a closer look
2 days of data

straight into our 7074 area/rez
wham...scalp out of that
stops tight now

 

[Dentalfloss]

stopped out
excellent start

 

[Dentalfloss]

bounce from our 7040 area
excellent
stops tightened

 

[Dentalfloss]

dax into our 10470-10500 supp
bounce taken
stopped out a couple of mins ago
decent few

 

[Dentalfloss]

bounce from our 7040 area
excellent
stops tightened

stopped out
deecnt few

 

[Dentalfloss]

DBK goin nowhere...so far

 

[Dentalfloss]

got to hand it to swissy...did not think there was that much action in Ftse...there is

 

[Dentalfloss]

7050 held..reenter for a pump/tight stop
maybe get 7090

 

[Dentalfloss]

dax reenter
maybe 10570
10516 area held

 

[Dentalfloss]

morning all - yes a crazy ftse day yesterday, I bailed at 7020 quit happy with myself then sat back in a) amazement as it kept on powering on & b) frustration waiting for a 7k retest!

but....
we had 7100/above as fakeland
plenty from that

 

[Dentalfloss]

back into our 7074
stops tight

 

[Dentalfloss]

ftse stopped out
excellent run

 

[Dentalfloss]

dax gettin near our 10570
stops tight

 

[Dentalfloss]

ftse..not sure about a reenter...too near rez

 

[Dentalfloss]

DBK pump to retest 12.00 area

 

[Dentalfloss]

dax
stopped out
excellent run

 

[Dentalfloss]

scalp short on ftse and dax
from our rez areas
tight stops

 

[Dentalfloss]

scalp short on ftse and dax
from our rez areas
tight stops

stopped out for a few

 

[Dentalfloss]

dax and ftse lookin to pump or dump

 

[swissy]

got to hand it to swissy...did not think there was that much action in Ftse...there is

Sometimes.... lol. Yesterday it did its own thing.... it was an overreaction but money got on board to pump... after it steamed past the levels and got past 7050 I thought there was a good chance they were going for it... 7120 ish, also an educated guess that it had overreached itself with the cable/oil (over) reaction so more convinced to the downside.

Always watch for that last minute pump on ftse 1625-30hrs ish - usually reverts aftermarket if you keep your powder dry for easy pickings (check the context though), has happened quite a few times in times of volatility. I expected it and countered by moving stops to profit (tight) by 1600, getting taken out and re-entered 1629 - 30. Doesn't always work but in this context it did.