Trading with point and figure

[Dentalfloss]

Dow

 

[Dentalfloss]

24K to 24100 supp area/horizontal
but....
yu got a wide wodge of rez marked on the chart

 

[inzimam]

any ideas of support now..Dax lookin weaker than the Dow

 

[Dentalfloss]

any ideas of support now..Dax lookin weaker than the Dow

Lookin now

 

[Dentalfloss]

Its in support now

 

[Dentalfloss]

Get your phone out
Look at 60min bar
Dont rotate the phone

 

[Dentalfloss]

Yu will see that almost all price movement is down on that chart....... Its oversold... A tad

 

[Dentalfloss]

Yu can pick off the horizontal supp area quite easily

 

[Dentalfloss]

Cannot look at pnf
Am in Band Q with the misses

 

[Dentalfloss]

12300.....careful

 

[Dentalfloss]

Spx
Pivot area 2676 to 2680 area

 

[Dentalfloss]

2676 to 2694....was a decent supp area last month

 

[Dentalfloss]

2676 to 2694....was a decent supp area last month

Could be Algos there

 

[cantagril]

Also short ftse at 7605 Target 7580

Touched 80 didn't get triggered. Out manually at 85 for +20😴

 

[Dentalfloss]

Touched 80 didn't get triggered. Out manually at 85 for +20😴

Great stuff


Ya could have doubled up at 7630 area

 

[Dentalfloss]

If ya get the entry wrongish

 

[cantagril]

Great stuff


Ya could have doubled up at 7630 area

I know but I'm very wary of the ftse as yet. If anyone is going to get bitten on the backside it's usually me at the front of the queue. Am staying light today as I reckon there's a fairly high risk of surprises....and I don't much like surprises😛

 

[cantagril]

I know but I'm very wary of the ftse as yet. If anyone is going to get bitten on the backside it's usually me at the front of the queue. Am staying light today as I reckon there's a fairly high risk of surprises....and I don't much like surprises😛

Don't you just love the Fed - always there when you need 'em😛

 

[cantagril]

Morning,

Still in my underwater EG from yesterday (Short at .8830)

The trend is and has been bullish and I was looking for a p/b to the .8805 area. Now the universe has decided teach me yet another lesson I 'm now expecting a return to trend support....which handily is around .8830.

Whilst both the 15 min and 5 min are bullish I'm thinking that there will be some volatility around today's numbers however good or bad they are. The mood has been so unremittingly crap for GBP that I reckon that even neutral news will be an excuse for optimism....and, optimistically, that's when I'll get out of my position with a small or no loss.

All will be revealed. And now, back to the music🙂

 

[Dentalfloss]

Mornin folks
Mornin Sir Canta