Trading with point and figure

[foroom lluzers]

cable looks a scalp now 1.2393 stop 12

out 9 pips plofit

 

[Dentalfloss]

as we said at the open
a slow grind
first move on dax was either 12300 or 12200
we whacked em..
luvin it

 

[Dentalfloss]

first move at the open
move up to 12300
or down to 12175-12200
we want to be ready at both orifices

posted at 7.34am

 

[Dentalfloss]

12220
pump or dump

 

[Dentalfloss]

ditto dow 20685
ftse 7350

 

[foroom lluzers]

out 9 pips plofit

This method I use

2.2 Trading Cable (Cable is GBP/USD) – Compulsory filter
• Have you checked cable and correlated pairs?
• Trade only when all currency pairs are being sold off or bought against US Dollar (i.e.: EUR/USD, USD/JPY, AUS/USD and USD/CAD).
• To trade Cable long GBP/USD and EUR/USD both must be trending up; for shorts they must be trending down.
• Trending definition: prices must be above mas for longs or below mas for shorts on 30 MIN (with slope, channel and trend line).
• For Cable it being in synch with EUR/USD is very important. Other pairs like: USD/CAD and USD/JPY are not that important. Only look at EUR/USD correlation.

• Do not open new position after 110 pips made in one day.
• Always use EUR/USD supports and resistances (including trend lines , channels s/r) when trading Cable. Cable is linked to the direction of Euro; this is because UK economy and EU economy are closely connected. If putting on a cable trade, look at EUR/USD charts and bear in mind Cable is a noisy pair.

 

[Dentalfloss]

eur usd tying to hold:

not yet

 

[Dentalfloss]

This method I use

2.2 Trading Cable (Cable is GBP/USD) – Compulsory filter
• Have you checked cable and correlated pairs?
• Trade only when all currency pairs are being sold off or bought against US Dollar (i.e.: EUR/USD, USD/JPY, AUS/USD and USD/CAD).
• To trade Cable long GBP/USD and EUR/USD both must be trending up; for shorts they must be trending down.
• Trending definition: prices must be above mas for longs or below mas for shorts on 30 MIN (with slope, channel and trend line).
• For Cable it being in synch with EUR/USD is very important. Other pairs like: USD/CAD and USD/JPY are not that important. Only look at EUR/USD correlation.

• Do not open new position after 110 pips made in one day.
• Always use EUR/USD supports and resistances (including trend lines , channels s/r) when trading Cable. Cable is linked to the direction of Euro; this is because UK economy and EU economy are closely connected. If putting on a cable trade, look at EUR/USD charts and bear in mind Cable is a noisy pair.

not on here
we only take the p/f signals
all in DuPlessis book..nowt else needed

 

[Dentalfloss]

1.2400 become a minor pivot area
pump or a dump from that pivot

 

[Moneylender]

Forum loser has now gone to my ignore bin!

 

[Dentalfloss]

usdjpy in a minor pivot 111.38

 

[Moneylender]

Not around much this morning folks but here are the Daily Pivots for those that use/like them.

 

[Dentalfloss]

our 20685 area workin well this mornin
scalps in and out

 

[foroom lluzers]

usdjpy in a minor pivot 111.38

u have uptodate pf charts on s and p , dax , dow ?

all holding support at present

 

[Dentalfloss]

dax still negative

 

[Dentalfloss]

u have uptodate pf charts on s and p , dax , dow ?

all holding support at present

that is why 12220 got dumped
luvin it

 

[Dentalfloss]

cable in supp/minor

 

[Dentalfloss]

wham
12200 broke
maybe we get 12175
stops tight now
as we said..dax still negative

 

[Dentalfloss]

12190 taken
excellent

 

[Dentalfloss]

12175 nailed