Trading with point and figure

[Dentalfloss]

lookin like that uptrend has not been broken
needs to get past that red trendline

 

[Dentalfloss]

dog zone starts at 7336..there now
bulls need to keep it above 7300..ish
could get a hammering down to 7260

 

[Dentalfloss]

dow into the open

 

[Dentalfloss]

dow recoiling
but....
is it a dead cat bounce or a new uptrend
pivots marked

 

[Dentalfloss]

dow recoiling
but....
is it a dead cat bounce or a new uptrend
pivots marked

we just dont know...play the pivots until we know direction
imho

 

[Dentalfloss]

ditto DAX
12060 is some sort of pivot area
prev supp and rez
on 4 hour bars

 

[swissy]

G'day,

Ftse still looking bullish....held the line well yesterday at 7270ish. Possible move to 7370, further upside may be limited.... imho caution creeping in in the PA.

Oil WTI started to build a swing long on yesterday lows around 4890...could go lower I know but....this is a long term trade with a small stake so not unduly bothered and will only add increments if further opportunities exist. WTI could test 46-47 so need to be ready for that. OPEC et al are likely to try and move markets after tasting the fruits of oil @55 I think...then there's geopolitical and the USD...overall I think the upside trumps (shouldn't really use that expression these days) downside...long term. Lets see, could be eating humble @37 but that's trading.

Cable - no change on my opinion from yesterday... rangebound in 1.21 - 1.22 zone, all eyes on EUR and USD atm.

Could be talking ********. Lets see.

 

[swissy]

Aussie having strong sp 0.75, rez 0.77 pivot 0.76. Gone long @0.752....hopefully make pivot and a bit, if 0.75 zone doesn't hold on retests then bailing..

 

[Dentalfloss]

oil

51.00 and above is a real dog

lets see how it handles those pivots

 

[swissy]

oil

51.00 and above is a real dog

lets see how it handles those pivots

Very good and clear chart Dentist! Thank you. Will need something big to break out the dog area and I think it will bat against 50 for a while. How it handles it will depend on the movers and shakers conviction/agenda etc but hopefully the clues will be there.

As an aside imho there seems to be less faking going on in oil....it either goes one way or t'other!

 

[Dentalfloss]

ditto DAX
12060 is some sort of pivot area
prev supp and rez
on 4 hour bars

excellent movement

 

[Moneylender]

ditto DAX
12060 is some sort of pivot area
prev supp and rez
on 4 hour bars

spot on this morning, well done, top of the class.

:smart::smart:

 

[Moneylender]

Nice numbers NFP 235k

January job gain raised from 227K to 238K.
December job gain lowered from 157K to 155K.
On the news, index futures added to their premarket gains. The dollar dropped; gold rallied.
These are strong numbers, and raising rates is no longer a catch-22. In the past strong numbers increased the odds rates would be raised, something Wall Street didn’t want. There was active discussion surround the desire for a weaker economy and lower rates or a stronger economy and higher rates. Lower rates were cheered, but not now. Rates are moving up, so Wall Street cheers a strong jobs report.
Long term I like the market. Short term I’m not very enthused.

http://leavittbrothers.com/blog/index.php/2017/03/10/before-the-open-mar-10-6/

 

[Dentalfloss]

dow into the open

slightly out with our rez...20976 the high..overshot a little...turned out to be a real hummer

 

[Dentalfloss]

12060 workin well

 

[Dentalfloss]

swissy 7370 workin well

 

[Dentalfloss]

stopped out on all 3 index
excellent run

 

[Dentalfloss]

eurusd into our 1.0650 rez area
our rez was 1.0624-1.0632...had to wait a little

 

[Dentalfloss]

back into rez 20937..our rez was 20943 area
good enough for me

 

[Dentalfloss]

oil ...$50...dump
excellent