Trading with point and figure

[Dentalfloss]

spx
a pump or a dump
looks like it wants to pump into 2046 area...lets see

no pump..just a dump

 

[Moneylender]

Morning all, market treading water until US opens is my guess.

 

[Dentalfloss]

updated spx

 

[Dentalfloss]

1989 horizontal supp area
res at 2016 area/red

 

[Dentalfloss]

dax

does horizontal supp hold ??
res is 10285 area...from earlier up to 10336 area
10421 makes the chart bullish...could be a big res area

 

[Dentalfloss]

10160 area we had marked the other day..a great place for a scalp bounce
10268 if it gets there..first test of res

 

[Moneylender]

10160 area we had marked the other day..a great place for a scalp bounce
10268 if it gets there..first test of res

Quick visit to 160 area!

 

[Dentalfloss]

10206 is prev supp on way down/1 min..needs to take it out

 

[Dentalfloss]

Quick visit to 160 area!

10160 area we marked on monday

 

[Moneylender]

10160 area we marked on monday

I meant it just touched there and came back to 200ish, where I got on the bus.

Stop at plus 4, and looking vulnerable.

 

[Moneylender]

Stopped out, will re enter if it gives me an opportunity around 180 ish.

 

[Dentalfloss]

I meant it just touched there and came back to 200ish, where I got on the bus.

Stop at plus 4, and looking vulnerable.

you have to take note of prev supp areas on way down...on 1 min candle..these can be minor res areas for recoils

 

[Dentalfloss]

as in 10210..10230 and 10240 ish

 

[Dentalfloss]

10241-10253 we had marked yesterday as res

 

[Dentalfloss]

dax
last 24 hours

 

[Dentalfloss]

so..scalps/long from 10160 area and retests
close at minor res/prev supp on 1 min
then scalps short from 10241 area we marked yesterday

 

[Moneylender]

Pretty predictable bounce from 175 area to 240, nice one.

 

[Dentalfloss]

Pretty predictable bounce from 175 area to 240, nice one.

hopefully..you got the pips

 

[Moneylender]

hopefully..you got the pips

Not many, missed 160 by a mile and got stopped out with 4!

Back in now, stop at be

 

[Dentalfloss]

10240 big res as we marked yesterday
retest 10160 area..if it breaks...possible fake bear signal
need to see 10160 as res on retests