Trading with point and figure

[Dentalfloss]

our rez area ...as we said above 11.00 on uso got dumped
we had it marked as a massive rez area
closed at 10.62
the high was 11.28

 

[Moneylender]

Morning all.

Doctors appointment first thing today. Do we have a turn around in the market, looks quite positive compared to yest.

 

[Moneylender]

Def more positive, we have res now @ 12035 to 45 lets see.

 

[Moneylender]

Daily PP

 

[Moneylender]

Res @ 12045, over shot a couple of pips, held and dumped.

Stop tightened

 

[Moneylender]

Res @ 12045, over shot a couple of pips, held and dumped.

Stop tightened

Stopped out near 12000 support very quickly!

Bounce now would be good

 

[BeedyBrandy]

I stopped out too but just re-entered increased stop loss now with reduced lot size

 

[Moneylender]

Stopped out near 12000 support very quickly!

Bounce now would be good

Trgt of 12035 first

 

[Dentalfloss]

12038 is a pivot

 

[Dentalfloss]

dax starting to look better for us.
there is confusion
is it a new uptrend or downtrend continuation
a dead cat bounce or a new upmove..lol

 

[Dentalfloss]

bulls will want to see 12050 supp after a push to 12100

 

[Dentalfloss]

1.0770 on eurusd
poss pump or dump..there now..ish

dump
wham
excellent

 

[Moneylender]

bulls will want to see 12050 supp after a push to 12100

i thought we had it this morning but it fell back from 12048. Still had some of it both ways, now in for a long up again, hopefully

 

[Dentalfloss]

big supp should come in at 20373.ish
got tested yesterday

 

[Dentalfloss]

dow index still a dog...chart comin

 

[Dentalfloss]

not lookin happy

 

[Dentalfloss]

60 min data
index closed..last signal was bearish
opening move could hammer the 20373 area..lets see

20440-20461 was prev supp area...should be rez
dax and ftse will go with it
imho

 

[Moneylender]

The dollar is down. Oil and copper are up. Gold is down; silver is flat. Bonds are down.
After yesterday’s close I marked today as a “do or die” day. The stage was set coming into this week for a bounce, and if it doesn’t happen within a certain time window, odds favor another leg down before the stage will be set again. We’re there. The market needs to bounce or else the S&P is likely to drop to 2300 before trying again.

 

[Suftum]

The dollar is down. Oil and copper are up. Gold is down; silver is flat. Bonds are down.
After yesterday’s close I marked today as a “do or die” day. The stage was set coming into this week for a bounce, and if it doesn’t happen within a certain time window, odds favor another leg down before the stage will be set again. We’re there. The market needs to bounce or else the S&P is likely to drop to 2300 before trying again.

That's all very well but you are trying to apply common sense and reason to a market that has none.

 

[Dentalfloss]

60 min data
index closed..last signal was bearish
opening move could hammer the 20373 area..lets see

20440-20461 was prev supp area...should be rez
dax and ftse will go with it
imho

wham
excellent
\straight into our 20460