Trading with point and figure

[Moneylender]

Here's what I see. poss bear trap I think

 

[Dentalfloss]

17721 the low...nailed it
scalps in and out
17770 the next trick ...lol

 

[Dentalfloss]

17720 area did not hold...the downtrend continues...great

 

[Dentalfloss]

spx in horizontal supp now
lets see if it holds

 

[Dentalfloss]

that supp is 2070-2073 area

 

[Moneylender]

that supp is 2070-2073 area

Seems to be quite strong here, maybe a bottom!

Maybe not

 

[Dentalfloss]

Seems to be quite strong here, maybe a bottom!

Maybe not

2068 is a prev breakout area aqua


2086-2090 prev breakdown area

 

[Dentalfloss]

still in that prev horizontal supp zone on the close plot

a cluster area/prev breakout shown

 

[Dentalfloss]

2068 is a prev breakout area aqua


2086-2090 prev breakdown area

That held and we got a decent rally

 

[Moneylender]

That held and we got a decent rally

Good call, I am done for the day now.
Will try and get up early for the Dax tomorrow, should be fun1

 

[Dentalfloss]

dax at the open

data since nfp/5 min
recoiling in a minor downtrend
horizontal supp/res can be seen clearly

 

[Moneylender]

Morning, no direction so far.

 

[Dentalfloss]

update on our spx chart
that horizontal supp held
we either go and test res which can be seen clearly or break that aqua horizontal supp at 2070 area

15 min data from 22 october

 

[Dentalfloss]

Morning, no direction so far.

there is always direction
at this point it will just be moving to test supp/res

 

[Dentalfloss]

1 min
over last 24 hours

 

[Dentalfloss]

there is always direction
at this point it will just be moving to test supp/res

looking like it wants to get some supp in 10800 area
could happen or it could fail
a decent bounce on spx from our horizontal supp area

 

[Moneylender]

Positive move first res @ 850


Edit: Closed at 50

 

[Dentalfloss]

scalps off 10810 area/long
as we said earlier..it was trying to get some traction

 

[Moneylender]

Just closed my long at 50, no bottle to take the short out of it!

 

[Dentalfloss]

stop tightened