Trading with point and figure

[Moneylender]

Thanks. Are you guys using MT4?

I am, 007 uses Bullseye.

 

[dashdbn]

H and s firming on hourly dax

 

[dashdbn]

I am, 007 uses Bullseye.

Where do you get your indicators from mate?

 

[Moneylender]

Where do you get your indicators from mate?

I am using Cute point and figure V1.3 on MT4. all of the trend lines and levels are
inserted by me during analysis, using paint. Using Cute has some unusual drawbacks, let me know if you decide to try it before you download it.

If you havent used PnF charts its worth reading up on them to at least get a basic understanding. 007 is the king I am just an apprentice!

Here is how mine looks.

 

[dashdbn]

Will go have a read. Dax is acting like a stubborn mule. It is probably waiting for direction from the US

 

[Moneylender]

Before the Open (Feb 22)
by admin on February 22, 2017
in Before the Open
Share Your Thoughts
Good morning. Happy Wednesday.
The Asian/Pacific markets closed mostly up. Hong Kong and China are up almost 1%. Europe is currently mostly down. Russia and Greece are down almost 1%; Austria, Hungary, Spain, Italy and Norway are also weak. Futures in the States point towards a slight down open for the cash market.
—————
VIDEO: LeavittBrothers.net Overview
—————
The dollar is up. Oil and copper are down. Gold and silver are flat. Bonds are up.
The market is on a heck of a run. Every index is at an all-time high. The S&P has moved up 12 of 14 days…the Nas 9 of 10 days…the Dow 8 in a row.
Today we get minutes of the last FOMC meeting. A few Fed officials have stated the March meeting is in play for a hike – that’s not a definite…just that it’s a possibility. I’ve gone on the record saying they should raise. Why not? They want to get rates back to a normal level, so why not take advantage of the high stock market…they have a huge “price cushion” to work with.
Otherwise I’m just a broken record here. The trend is up…the market is making new highs virtually every day. There’s no reason to be anything but long.
The market will top at some point. It’ll consolidate…it’ll drift down…it’ll chop and churn. But the overall trend will remain in place, even if there are disruptions along the way.

 

[joseph1986]

Something to aim at, first target @ 670 area

so short dow target 670?

 

[Moneylender]

so short dow target 670?

Thats the first target but the entry was circa 740. we are close to US open now
so I would wait for that.

 

[Dentalfloss]

20.7K
will it hold..??

 

[Moneylender]

20.7K
will it hold..??

Nice bounce off of it

 

[Dentalfloss]

:smart::smart::smart:

Nice bounce off of it

 

[Dentalfloss]

10 year bills just broke /upwards
above 124.50 is a dog

 

[Dentalfloss]

dow
pump or dump our 20720 area

 

[Moneylender]

dow
pump or dump our 20720 area

Pump

 

[joseph1986]

so i covered my longs on the 670 advice
bad idea

 

[swissy]

Aussie - took a nice short from 0.77 rez, sp 0.767. Levels working well...again. 0.77 a dog to get through...

 

[Moneylender]

so i covered my longs on the 670 advice
bad idea

thats trading!

 

[Dentalfloss]

into 20750 horizontal rez
now what ..??

 

[joseph1986]

these rallies are really messing with me psychologically....emotions and everything
this is the third time i knew whatwas to happen but got scared

 

[Moneylender]

into 20750 horizontal rez
now what ..??

Rejection point now