Trading with point and figure

[Dentalfloss]

usdcad...looks to be gettin support
1.2500 needs to hold on a test/retest

 

[inzimam]

Does someone mind posting the latest Dax chart please. I really need to find a mobile solution for Point and Figure charts but no luck so far

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[Dentalfloss]

Does someone mind posting the latest Dax chart please. I really need to find a mobile solution for Point and Figure charts but no luck so far

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no need..
if you can read a chart....then it does not matter whether it is bars/candles or p/f
i will post a minute

 

[Dentalfloss]

dax chart fro Inzimam

 

[Dentalfloss]

DAX close, trying hard to form an uptrend but its proving difficult.

Moneylender did all the work for us at 9.00pm last night

 

[inzimam]

Thanks Both. I was just interested to see how the rate of change in price per point and figure differs to how I see it in candle form. I have a lot to learn

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[inzimam]

12320 just about holding

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[Dentalfloss]

Thanks Both. I was just interested to see how the rate of change in price per point and figure differs to how I see it in candle form. I have a lot to learn

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change your mindset.....momentum is price change over a period of time

we are only interested in change in price
the time input just makes it easier to input

only look at price change

 

[Dentalfloss]

first thing to do
carve up the chart into bullish and bearish sections using trendlines

 

[inzimam]

So in previous areas where the rate in change of price to the upside was faster, then the bulls are in charge.

Is the momentum indicator any use or should jusy look at the length of candles as price changes.

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[Dentalfloss]

whack...as we said rez goes up to 12336 area

 

[Dentalfloss]

So in previous areas where the rate in change of price to the upside was faster, then the bulls are in charge.

Is the momentum indicator any use or should jusy look at the length of candles as price changes.

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no use
train your eye to see price change
and mentally mark off trends without putting on lines

 

[Moneylender]

Does someone mind posting the latest Dax chart please. I really need to find a mobile solution for Point and Figure charts but no luck so far

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I don't think you will find one for mobile, I looked some time ago without success. If you do come across something post it up.

 

[Dentalfloss]

if you train your eye you will see all the curves

 

[inzimam]

Do you guys place orders around the pump or dump areas or just manually enter?

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[Moneylender]

Closed a short then at 12298, lovely!!!

 

[Moneylender]

Do you guys place orders around the pump or dump areas or just manually enter?

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I set alarms at levels I am interested in, then enter manually.

 

[Moneylender]

Cant make up my mind if that spike to 12340 was just a spike (fat finger) or not. Was looking at a short just then @ 12311 but too late thinking!!!

any views?

 

[NickBk]

Cant make up my mind if that spike to 12340 was just a spike (fat finger) or not. Was looking at a short just then @ 12311 but too late thinking!!!

any views?

Euro is up from earlier lows and unless it goes back down again I think we see Dax lower than here by 2.30. Been in a few times, see other thread, still short from earlier too.

So go for it 😀

 

[Moneylender]

Euro is up from earlier lows and unless it goes back down again I think we see Dax lower than here by 2.30. Been in a few times, see other thread, still short from earlier too.

So go for it 😀

Nice one Nick, my present bias is long tbh but thats more by accident(hedges) than careful planning. I agree there is the poss of a drop before US open vbut I think at 12295 current pos not much to gain, we shall see.

What other thread do you use?