Trading with point and figure

[Dentalfloss]

1 sma moved below aqua ema at 8.28 am..that was the only real signal we got...could have gone either way
price rallied to res /aqua horizontal
we said at 8.42 am that no bulls around...price broke soon after that 10655 horizontal supp
both ma continued down

 

[Moneylender]

if in doubt put some moving averages on
1 sma for midpoint of column
then a longer one for general direction..say 7 ema...ish

Cheers but I shouldnt need them now if I looked at more than one
box size. Its like zooming out on normal charts to get the bigger picture.

I will get there.

 

[Dentalfloss]

decent rally after a bull rinse earlier on

 

[Moneylender]

decent rally after a bull rinse earlier on

Down trend has been pierced but now bulls have to consolidate the
break. An attack on the blue line res would be good.

 

[Dentalfloss]

spx into the open
not looking too happy

 

[Moneylender]

SPX pp's

 

[Dentalfloss]

updated spx

 

[Dentalfloss]

break of trend/aqua

 

[Dentalfloss]

is it a fake ?? or is it a new uptrend ??

 

[Dentalfloss]

2076 in res area...there now

 

[Moneylender]

is it a fake ?? or is it a new uptrend ??

Looks pretty strong to me but a pb wouldnt go amiss here

 

[Dentalfloss]

change the inputs

 

[Dentalfloss]

Looks pretty strong to me but a pb wouldnt go amiss here

2070 is breakout area/prev res

 

[Dentalfloss]

2070 is breakout area/prev res

yes
p/b to 2071 area and then up
2082 on the cards

 

[Dentalfloss]

yes
p/b to 2071 area and then up
2082 on the cards

2079 first
2085 should be a big res....possibly

 

[Dentalfloss]

shedfulls...

 

[Moneylender]

shedfulls...

Well a good few, better than yesterday, but still making errors, but its coming.

 

[Dentalfloss]

yes
p/b to 2071 area and then up
2082 on the cards

nailed

 

[Dentalfloss]

nailed

scalp short...stop tightened

 

[Dentalfloss]

scalp short stopped out
decent points