Trading with point and figure

[inzimam]

Otherwise 12410 ish is next

 

[Dentalfloss]

SPX
15 min bars
in horizontal supp area 2715
it is a pivot aswell.
will it hold..??

others should follow

 

[inzimam]

Stopped at breakeven. Was Really hoping for a run back to the overnight high

 

[Dentalfloss]

spx

 

[Dentalfloss]

Otherwise 12410 ish is next

the easy one has been our 12500 sell

 

[Dentalfloss]

Morning!

12450 looks like a good pivot for a long

yes..

but....

 

[Dentalfloss]

yes..

but....

if you look at it...price was in a minor downtrend from our 12500 dump

 

[Dentalfloss]

what you have to do is..
make sure all the bearish movement has blown off

 

[inzimam]

Yup waiting for a break of 12460 trend line now

 

[Dentalfloss]

easiest way

go down to 1 min bars
draw a trendline on the LATEST down move
that was from 12490

 

[Dentalfloss]

price has to....at very least test the trendline


agreed...if its a big area of supp...there will be a bounce

market will be lookin for 12450 as supp on the bounce

 

[inzimam]

1 min down trend looks to be broken

 

[inzimam]

Maybe not..

 

[inzimam]

There it is. Will it carry now though

 

[Dentalfloss]

There it is. Will it carry now though

 

[Dentalfloss]

stops tight....anything near 12500 seems to get sold

 

[Dentalfloss]

the easy one has been our 12500 sell

12500 sell
Inzi"s 12450 bounce
excellent resultts

 

[Dentalfloss]

12500 area....again
sold
luvin it

 

[Dentalfloss]

GBP gettin shafted

 

[cantagril]

Canta"s cheese and chocolate in rez now

Remind me: which is the cheese and which is the chocolate? ...or is this some exotic new blend of muffin that the Grantly's dreamt up

Anyway, belatedly, good morning....ish.

So, the story so far. Yesterday's experiment was quite interesting but ultimately a waste of time because I got the direction wrong on EURCHF. I've held on to both the EG and the GBPCHF and have just taken another EG long at .8803 TP .8850....I was just about to say that I might take a profit on that whilst I'm waiting for the diff to narrow but it looks like it came and went whilst I was writing - spike to 35 and straight back down. Ah well:whistling