Trading with point and figure

[Dentalfloss]

20520 is a pump or dump...there now
ditto dax 12090

 

[Dentalfloss]

12050s en route.

Watchout for Mr D.

Mixing those Stella Artois and those Cadbury's Cream Eggs will change the way you walk

the Stella will..

 

[Dentalfloss]

bulls gettin pounded...as we said at the open
lovely stuff

 

[Dentalfloss]

bulls need to get it back to 20570

 

[Dentalfloss]

20520 is a pump or dump...there now
ditto dax 12090

wham

took the bounce after
luvin it

 

[Dentalfloss]

back to 20520
pump or dump

 

[Dentalfloss]

back to 20520
pump or dump

we might get 20540 first

 

[Dentalfloss]

we might get 20540 first

nearly....
and dump
excellent

 

[Dentalfloss]

have a good one folks...i certainly will

 

[Dentalfloss]

NYSE...no euro session trading
poss reduction in noise
we are goin down..if supp does not
supp goes down to 11350 area/horizontal

posted at 7.30am
supp did not hold
closed at 11325..ish
thursday close was11424

 

[Dentalfloss]

Any chart
first look

 

[Dentalfloss]

carve it up into bullish and bearish sections using trendlines

there is only one downtrend...between the two uptrends...downtrend line not put on

 

[Dentalfloss]

zoom in on to the latest trend and mark some supp and rez
put on the trendlines ASWELL

 

[Dentalfloss]

now we have a decent idea of what is happening
have not been near a p/f chart yet

 

[Dentalfloss]

A tad more fiddly than Nyse

 

[Dentalfloss]

what i am trying to say is

READ THE CHART FIRST...
no cockeyed ideas like
trader psychology...bull
no rising candles method
no other stupidities...like i think the market will tank
the market looks too high
etc.etc etc


practice chart reading...just putting trend and supp/rez until you can put it on within 20 seconds
once yu can analyse the chart...the strategy ccomes easily

no need for mentoring courses or books

then yu look for patterns...yu cannot say first of all "i think this is a head and shoulders" Baloney
do the donkey work first....IT PAYS OFF

 

[Dentalfloss]

practice....practice and do more practice on chart reading

 

[Dentalfloss]

then...place on the trendlines

they do not have to be that accurate...and anyway..they cannot be on candle and bar charts as there is no fixed aspect ratio..they will always be subjective
different in p/f

they

 

[Dentalfloss]

then....

look left for supp and rez
if the latest trend is up..then
mark prev supp areas in last downtrend..
and latest supp areas in the uptrend


again,,they dont have to be that accurate

i missed out the 700 prev supp...became rez

 

[Dentalfloss]

practice...practice and more practice