Trading with point and figure

[Dentalfloss]

a decent move off trend res on spx..from chart posted
took the dax with it

humming nicely

 

[Dentalfloss]

updated dax chart
5 min data

 

[Dentalfloss]

adding more to the mess of the spx chart
changed the input to hilo plot...its trying to rally

 

[Dentalfloss]

much clearer picture of last 48 hours
supp held yesterday
a minor rally trendline has knocked it back twice
seems to some rising support+

 

[Dentalfloss]

mornin all

 

[Dentalfloss]

Tango...Quickstep,Waltz...???
better still
Are you ready to Rumba ??

 

[Dentalfloss]

be careful with dax

 

[Dentalfloss]

trend is up
there is a bearish signal near the green trendline..not well defined enough to really draw a bearish res line...so coloured it purple..nevertheless it is a minor res area
Draghi speaking today
stack of overhead res
could go either way
IMHO..
could even be another bull flag

 

[Dentalfloss]

a slightly clearer picture from these inputs

 

[Dentalfloss]

from that chart we get
10928-10944 trend res
10880-10900
supp areas
10840
down to 10800
there are plenty of areas of horizontal supp/res not shown

 

[Moneylender]

Morning all. What just woke the DAX up?

pivots points

R1 969
pp 902
S1 809

 

[Dentalfloss]

Morning all. What just woke the DAX up?

Draghi and oil move..i think
spx also

 

[Moneylender]

ECBs Draghi: Sees Signs Core Inflation Turnaround Has ‘Somewhat Weakened’ - Downside Risks To Economy Are ‘Clearly Visible’

 

[Moneylender]

took the short from 955 stop tightened now


Closed out with 70, probably a bit early but heyho

 

[Dentalfloss]

trend is up
there is a bearish signal near the green trendline..not well defined enough to really draw a bearish res line...so coloured it purple..nevertheless it is a minor res area
Draghi speaking today
stack of overhead res
could go either way
IMHO..
could even be another bull flag

bull flag...excellent and the move off res
done and dusted

 

[Moneylender]

Will this be todays pattern?? Purple lines are PP and SnR1's

 

[Dentalfloss]

took the short from 955 stop tightened now


Closed out with 70, probably a bit early but heyho

excellent:smart::smart::smart::smart::smart::smart::smart::smart:

 

[Dentalfloss]

from that chart we get
10928-10944 trend res
10880-10900
supp areas
10840
down to 10800
there are plenty of areas of horizontal supp/res not shown

areas posted from the close plot..hence there must be some leeway the high or low printed
fact is..that you were alerted to a res area once price got into the 10928-10944 area.So..you just had to look for an entry to close the long and put the short tradein
but R1 pivot also had the area marked
double whammy

 

[Dentalfloss]

price back into 10850 area for a rethink

 

[Dentalfloss]

10840 some sort of pivot area
breakout point on 1 min this morning...price then rallied when it retraced after 10840 area held..