Trading with p/f

dentist007

Well-known member
Mar 25, 2003
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#65
dax into the opening bell
chart data is from 3rd november
not too much happening
we either break higher/red horizontal or bull test on the pullback
whoever was short for NFP got rinsed
11k area/pink horizontal, marked
mauve is 10960-10980
top aqua /breakout point in 10940-10960 area
lower is 10908-10926
trend supp/green in 10920 area
there is horizontal supp underneath at 10890,10872,10854...right down to 10800..short term

 

dentist007

Well-known member
Mar 25, 2003
41,185
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www.mytrailerpark.com
#66
spx into the open
you have to be mega careful with this one....but if you are.. it should yield plenty
the upmove since 27 October
it has pulled back from 4th Novemeber to trend supp/green and prev breakout point on 29th Novemebr..a possible bull flag
but.....
there is a bearish signal near the trendline..this can happen before an upmove....BEAR TRAP/fake bearish signal and we get the upmove
or....
market is bearish and the bear signal plays out
hence...no bias....lol



market is in limbo
nothing is confirmed..either the bull flag or the bearish signal until it breaks
the good bit....hopefully there will be many fakes....lol...that is what we want

 

dentist007

Well-known member
Mar 25, 2003
41,185
3,244
323
www.mytrailerpark.com
#71
Good morning, other thread is dying.
not our problem...
the thread is not for shouting out levels
we are here to trade the price movement...far better and much more profitable...imho
you can see that from Fridays postings and thursday
calling out levels bears no real relationship to p/f trading...except as a guide
the only time we can get it wrong is a false break/a trap...thats it
you will get trapped...but if you are careful it will not happen often