Trading with point and figure

[MichaelJohnFX]

Atilla, if I'm being perfectly honest...I think they had no other choice but to raise. If they "had their own way" they wouldn't have imho.

 

[Atilla]

Atilla, if I'm being perfectly honest...I think they had no other choice but to raise. If they "had their own way" they wouldn't have imho.

Data dependent they kept saying. First it was 6% unemployment and then it was economic growth and then it was inflation.

I think you are right. They ran out of targets to pick so had no choices left.

I do concur they may have lost credibility having talked us to death about raising them in 2015 and then not to.


My prediction for the global economy in 2016 is...

 

[Dentalfloss]

mornin all
r ya ready to Rumba ??

 

[Dentalfloss]

dax
into the open

 

[Dentalfloss]

10626 trend supp/aqua
10542-10563 prev breakout area
10710 trend res /red

 

[Dentalfloss]

this is a good set up for the day for us
mid trend with bullish and bearish influences
our top of 10818 we had marked yesterday morning..overshot a little...we were ready for that
horizontal res at 10752 area
bulls and bears should get tested

 

[Dentalfloss]

this is a good set up for the day for us
mid trend with bullish and bearish influences
our top of 10818 we had marked yesterday morning..overshot a little...we were ready for that
horizontal res at 10752 area
bulls and bears should get tested

10626 hit and a bounce
10605 a horizontal supp area


10675-10700 res..ripe for a test at some point

 

[Dentalfloss]

10675 being tested as we marked a few mins ago..lets see what happens

 

[Dentalfloss]

same data ...different inputs

 

[Dentalfloss]

scalps in and out of 10675
marked at 8 am

 

[Dentalfloss]

different input

 

[Dentalfloss]

latest chart..we have knocked out most of the rubbish

 

[Dentalfloss]

10626 trend supp/aqua
10542-10563 prev breakout area
10710 trend res /red

into our 10710 res area
stop tightened

 

[Dentalfloss]

10626 area we marked at the open...working well

 

[Dentalfloss]

test of 10700
scalps in and out

 

[Dentalfloss]

spx needs to test 2037 area

horizontal res and trend res in that area
really needs to make 2040 supp
2046 area prev supp area ..could be res

 

[Dentalfloss]

spx seems that it has hit a bottom and maybe wants to rally..lets see

 

[Dentalfloss]

1 min spx over last 24 hours

 

[Dentalfloss]

dax wants to rally...lets see what happens
if 10700 pops then 10800 on the cards..possibly

 

[Dentalfloss]

10626 area tested aghain...
hummer