Trading with point and figure

[Dentalfloss]

compx sold off..a tad

should be decent supp between 6020-6040

 

[Dentalfloss]

dow into 20930 suppa area now

 

[Dentalfloss]

dow into 20930 suppa area now

and bounce
excellent

 

[Dentalfloss]

cable break 1.2940.?
ditto gbpjpy 144.30

 

[Dentalfloss]

all have a great weekend
enjoy the pips.....spend them

 

[Moneylender]

all have a great weekend
enjoy the pips.....spend them

Prosecco time eh?

 

[Dentalfloss]

into next week

NYSE
we posted last weekend that we were unsure about direction....turned out to be a bull flag
plenty of support
price in a pivot area now...could test supp
or move up
goin either way

 

[Dentalfloss]

the problem was that range was so naroow on Mon,Tues and Wed.....that it did not let us in
range expanded on Thurs and frid...not by much
so some pips taken
we need a range expansion next week ...in either direction...lol

ftse lagging badly..dunno why

 

[Dentalfloss]

DAX

thinking that supp areas could be defined
12400 and above
12374-12400
12300-12374
12259-12300
12259-12374 is a wide/major supp area...bears aint gettin past that in a hurry
goin either way

 

[Dentalfloss]

FTSE index
daily data input is too clumsy for this index..but we get the general gist
we need to go intraday to get the supp/rez areas
this index is lagging badly..

 

[Dentalfloss]

FTSE a closer look

all depends where it gets supported...could be reaction if cable hits 1.3000 is the trigger

 

[Dentalfloss]

CABLE
testing rez area now

supports at 1.2800
1.2768..turns a bit nasty
looks like we are in ftse trigger zone..lets see

 

[Dentalfloss]

NAS COMP...the most bullish index..the leader

 

[Dentalfloss]

dax,dow,ftse,ndx,spx
scalp shorts only...there is no sign of any real bearish stuff
what we want is range expansion/preferably down to increase the volatility
we can then just play supp and rez until direction is decided

 

[Dentalfloss]

we will get lower highs on bounces...but...there is a mass of supp to get thru
better still...lower lows

 

[Moneylender]

007 nice analysis, don't know how volatile it will be Monday though?

 

[Dentalfloss]

007 nice analysis, don't know how volatile it will be Monday though?

poss one or two smallish moves in US session
ugh....who knows..
typical rainy bank holiday weather aswell...lol

 

[Dentalfloss]

eurusd

 

[Dentalfloss]

those supports gotta hold...otherwise we have made a minor top

 

[Dentalfloss]

USDJPY
broken out...a tad
comin into rez