Trading with point and figure

[Dentalfloss]

it was a fake

 

[Dentalfloss]

20680 should hold it...maybe..??
20650 a horizontal supp

 

[Dentalfloss]

overnight and the open
20600 confluence area needs to hold
20700 and then 20745 if bulls have control

20600 seems to be a big number for the bulls..lets see
dax and ftse should go with it

 

[Moneylender]

I took both your calls and made 55 ticks , profit today

There you have a follower , your bottom fising at oversold is good!:clap::clap:

Glad you made some money but try looking at the levels and trends to understand the method, I dont always get them right, so care is always required.

Well done on the profit though.:clap::clap:

 

[Moneylender]

Thought we might get to 20600 tonight, sell off or pump into the close?????

 

[Moneylender]

Looks like a pump into close.

Well done we got the high 20880 and pretty close to the low 20640, I was a few out there but it will come overnight poss

 

[foroom lluzers]

Glad you made some money but try looking at the levels and trends to understand the method, I dont always get them right, so care is always required.

Well done on the profit though.:clap::clap:

I also tend to check other indices for directional alignment as follows

U S 500 is above support , U S tech 100 is above support , Wall street is above support , Dax is above 12200 support

Would this be a buy at 1.2240 with stop at 1.2190?

Usually this gives high probability trades , if demand is there for all indices and if others falling i trade no longs .Secondly 75% of shorts on indices are failed trades I take so very few shorts .

I like ftse /dac to aligned or read correlated indices p/a

 

[foroom lluzers]

Any view on sp500

worth a punt on weekly calls

 

[Moneylender]

20600, come on baby you can do it!!!

 

[dashdbn]

Long dax 12203 for gap close tomorrow

 

[Moneylender]

Few pips out on the Dow tonight I really thought 20600 would print!

Been a good day though all round, tomorrow guys, night

 

[Moneylender]

Morning all,

got my 20600 on the Dow overnight.

 

[dashdbn]

Gap close on dax working well

 

[Moneylender]

Long dax 12203 for gap close tomorrow

You will have to explain that one to me!

 

[dashdbn]

Well when you look at any indices, using a bar chart or candlestick chart, there are daily weekly and monthly gaps created as the Indus he closes but, the future is still run.

Dax is well known to close its gaps

 

[Dentalfloss]

Dash
4 hor bar chart of dax
trendlines put on
took 20 seconds
now you have a feel of what is going on

it is that simple

 

[Moneylender]

 

[Dentalfloss]

Well when you look at any indices, using a bar chart or candlestick chart, there are daily weekly and monthly gaps created as the Indus he closes but, the future is still run.

Dax is well known to close its gaps

you might have to sweat it out and miss out on alot of pips ...and if the gap dont close...yu are stuffed

 

[Dentalfloss]

Dash
4 hor bar chart of dax
trendlines put on
took 20 seconds
now you have a feel of what is going on

it is that simple

yu need to practice at placing trendlines on chart
get it down to 10-20 seconds

 

[foroom lluzers]

S and p support at 2340

bottom fishing at 1.2130 on dax