Trading with point and figure

[Dentalfloss]

whack

 

[Dentalfloss]

lined up

 

[Dentalfloss]

lined up

 

[cantagril]

Morning Sir Canta
poss 4752-4760 a rez

I'm working off a 15m that I did yesterday evening which sez the same...I think, what with 4760 tucked neatly under that attractive red line.

 

[Dentalfloss]

yes sir

 

[Dentalfloss]

the line broke to our 4760 rez....then dump

I'm working off a 15m that I did yesterday evening which sez the same...I think, whatView attachment 259272 with 4760 tucked neatly under that attractive red line.

 

[Dentalfloss]

I'm working off a 15m that I did yesterday evening which sez the same...I think, whatView attachment 259272 with 4760 tucked neatly under that attractive red line.

Excellent

 

[Dentalfloss]

23700 a dog

 

[Dentalfloss]

OIL

 

[cantagril]

Morning Dentist et al,

Still got my CAC 4730 long. My original TP was 4800 but as the Dax isn't as perky as I'd like I've reduced it to 4775 and now have a stop at +1.

.....and out at 4775 +45

Now thinking about a short....Dentist! This is where you tell me to sit on my hands

 

[Dentalfloss]

Hi Canta

 

[Dentalfloss]

main trend is broken

 

[Dentalfloss]

yu gotta a new pivot area

 

[Dentalfloss]

tha pivot seems to be in 4785 area
watch for that to break

 

[Dentalfloss]

yu want to try and get in on firts bounce after the break....at the top of the bounce
in this case 4786-4800 area should be rez on the bounce

 

[Dentalfloss]

that trendline is approx 45 degs
test area is 4780..ish
so expect support to be in 4780-4785 area....poss as low as 4775

 

[cantagril]

yu want to try and get in on firts bounce after the break....at the top of the bounce
in this case 4786-4800 area should be rez on the bounce

Got a sell order in at 4800 - no luck so far.....

 

[Dentalfloss]

a slightly later entry is...wait for the trendline to get tested on the bounce

 

[Dentalfloss]

i think those should be reaction areas
traders are looking for weakness
so its either retest of trendline or retest of pivot

however..it could just plummet...without any test...lol

 

[Dentalfloss]

there is the main trend