Trading with point and figure

[Dentalfloss]

Pivots are so far out with the gap up they are not worth looking at!

their rez p[ivots...could be supp...

 

[Dentalfloss]

markets a bit flat now...waiting for direction

 

[Dentalfloss]

markets a bit flat now...waiting for direction

now is the time to do some homework

we examine 1 box reversal chart and try and find out poss direction of next breakout

 

[Moneylender]

markets a bit flat now...waiting for direction

Been fun so far

 

[Dentalfloss]

markets a bit flat now...waiting for direction

we want to take positions within that consolidation on 1 min bar/candle

 

[Moneylender]

now is the time to do some homework

we examine 1 box reversal chart and try and find out poss direction of next breakout

My 1 box charts are not good, grateful for yours.

 

[Dentalfloss]

we want to take positions within that consolidation on 1 min bar/candle

with lowest risk
if break is anticipated down...then as high as poss in that consolidation
stop is 1 box outside the pattern...ie 1 box higher that highest high
or


see which is the balancing row in the pattern
the part with most filled boxes
stop 1 box above that row
should only really be used in wide range consolidations

 

[Dentalfloss]

My 1 box charts are not good, grateful for yours.

use 2 with a smaller box size..??

 

[swissy]

Morning folks,
Ftse... after gap up and test rez 7250 settled to sp 7230, looks like another leg up to test 7250 if sp holds.

Below 7220 zone I would look at test of 7200-10 zone, looking at firm sp if buyers are in for another leg up.

 

[Dentalfloss]

12301 got tested at 8.35am...and bounce
that is what we are lookin for
as we said ...needs to keep above 12300

 

[Dentalfloss]

1.0860 held and bounce
was prev rez on 1 min bars

thats what we are lookin for

 

[Dentalfloss]

dow flatlining on 1 min bars/consolidation
now we are lookin hard for breakout direction

 

[Dentalfloss]

dax
testing all time high
we could fake

 

[Dentalfloss]

cable in rez
bounced from 1.2800

 

[Dentalfloss]

cable retest rez areas now
1.2800

pumped
excellent

 

[Dentalfloss]

12350 a pivot area
pivots i shout are usually confluence are of prev supp/poss rez
or prev rez /poss supp
on bars /candles
the whole world can see them

whereas ..calculated areas ...maybe only yu and a handful of othres can see them

 

[Moneylender]

channel plainly seen between 12345 to 12370

 

[Dentalfloss]

remeber

activity at the top of pattern/balancing row of consolidation
quite often is bearish

 

[Dentalfloss]

channel plainly seen between 12345 to 12370

yes sir...thats how we work on it

therefore.....as yu can see...we are always in a trade

 

[Dentalfloss]

dx
5 min bars...pleny of in ink at lower end of consolidation
giving hints...
12350 pivot area as moneylender showed us on his latest chart