Trading with point and figure

Glad I stayed out, the contrarian in me would have said "short the rally" !!! lol

dax 1 minute
nice and easy

nxtn4l.jpg

no negative signals on the pullback before the break....p/f traders death sign...lol
 
the lower aqua horizontal....supp was holding
either entry when it retested
or
find an area higher up that is support
or
entry at the breakout
all ...would have given great results
 
if the price carries on breaking...without a negative signal on pullback...it will be a bonanza today
 
if the price carries on breaking...without a negative signal on pullback...it will be a bonanza today
dont think that will happen...the best we can do is filter the signals by being nimble with our fingers and constantly changing and looking at the inputs
there will be a few bad ones ...who cares
 
Glad I stayed out, the contrarian in me would have said "short the rally" !!! lol

Not sure you would have, once you got in at the second go at 10120 I don't see any shorts lined up. Maybe bailed out a bit or sold off some too early but I didn't see any screaming shorts on Dax.
 
US session
Market maker games
Thinking that we could get deeper pullbacks before any breakout.ie giving a reverse signal
Wait for minor trend on the pullback to blow off....you should get a low risk entry and a larger reward
 
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