Trading with point and figure

DOW
Friday
data is from midnight Thursday/UK
1 min data
our rez is 19650/aqua
it was rez until US session...it broke and then became supp... any pullback kept in the trend....market flew

aw70j6.jpg


sellers got pulverised...take the signals

as soon as the pivot became support...you got a lower risk/tight stop entry with green trendline supp underneath...this is the p/f method in a nutshell
 
Last edited:
long entries
poss breakout area identified
well supported.ie pullback holds with a horizontal supp area/market reacts to this as you can see it on a candle chart
added bonus if you have a trend supp nearby aswell
then get into 1 min / tick and look for signals
 
easy stuff on dow on friday
we had 19650 marked the day before....trend was up and as we said premarket/ there was no sign of any bears.....just had to wait until 19650 became supp on pullback
 
DOW
Friday
data is from midnight Thursday/UK
1 min data
our rez is 19650/aqua
it was rez until US session...it broke and then became supp... any pullback kept in the trend....market flew

aw70j6.jpg


sellers got pulverised...take the signals

as soon as the pivot became support...you got a lower risk/tight stop entry with green trendline supp underneath...this is the p/f method in a nutshell


That Dow chart is crazy, wonder what FED will do Wed, how much of a hike will there be?
 
Top