Trading with point and figure

[Dentalfloss]

Morning Master

Have you looked into your crystal ball yet?

think its all about those horizontal supports holding

 

[Moneylender]

550/40 is the support that held sofar

 

[Dentalfloss]

think its all about those horizontal supports holding

as we said
first test and a bounce
bounce taken

 

[Dentalfloss]

550/40 is the support that held sofar

10523 area also
10506

 

[Dentalfloss]

10600 not liked..horizontal res on chart

 

[Dentalfloss]

spx ..bounce off 2050 and res at 2055
scalps taken

 

[Dentalfloss]

bouncing in and out of horizontal supps
we had that marked
no clear direction yet

 

[Moneylender]

bouncing in and out of horizontal supps
we had that marked
no clear direction yet

Taking 10 pips here, 10 pips there. They all add up!

 

[Dentalfloss]

550/40 is the support that held sofar

working well

 

[Dentalfloss]

oil/wti could bounce and test the trend
take index with it
37.18 area is test of trend

 

[Dentalfloss]

into our 10525 area...will that hold ??

 

[Dentalfloss]

into our 10525 area...will that hold ??

small bounces off that

shorts in
10506 area ??

 

[Dentalfloss]

oil/wti rallying to test the trend

 

[Moneylender]

Well I didnt expect 10500 this morning! Mind you S1 @ 499

 

[Dentalfloss]

Well I didnt expect 10500 this morning!

anything was on the cards
it was just a mess and could have gone anywhere
as we said support test looked to be the order first thing

 

[Moneylender]

Back to 580 target!

 

[Dentalfloss]

excellent bounce from test of supp

 

[Moneylender]

closed a long @ 60 seemed to be out of steam

 

[Dentalfloss]

closed a long @ 60 seemed to be out of steam

excellent
short scalp ??

 

[Moneylender]

excellent
short scalp ??

yup, looking for 510ish