Trading with point and figure

Dentalfloss

Legendary member
61,864 3,672
adding to the confusion...
dow in a reasonably strong supp area
4 hour data
dow futures 16170 area
the range is coiling

 

Dentalfloss

Legendary member
61,864 3,672
spot oil 15 min
to me...this is usually the chart parameters to look for upcoming trades
10 cents by 1 reversal..close plot.Th e trigger will be from 1 minute data



The chart shows us the new downtrend from 1st July.we have isolated that trend and have displayed some relevant areas that could be tested next week.Price now in a range,,but could break lower.A break higher and we test the trend and horizontal res marked..104.20 area/If that breaks,then we can increase the reversal to 2 and get a new/higher res area,which will be the new area to target
a break lower and we will target 4-5 boxes before market recoils and then reassess
 
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Dentalfloss

Legendary member
61,864 3,672
dax since Friday 30th October
trends shown




messy chart..could go either way
in prev res/breakout...could be supp..
or we head downwarc
we take the signals and keep in the back of our minds the levels
 

Dentalfloss

Legendary member
61,864 3,672
chart posted at 8.44 AM
price was at 10792...the support we said about
a nice 110 point rally
we nipped in that breakdown before..so excellent start to the day
 

Pat494

Legendary member
14,502 1,542
Nice looking charts.
Perhaps you could put in any trades and if they were profitable p&L
 

Dentalfloss

Legendary member
61,864 3,672
10880 on 1 min candle
minor res..that broke
trade taken there
with the trend...which was up/ scalp long
stop tightened now
 

Dentalfloss

Legendary member
61,864 3,672
back in earlier with the trend..easily seen on 1 min candle we posted earlier
10900 area held
 
 
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