Trading with point and figure

[Mr Sept]

Back guys looks like I missed the dip bottom there!

.....not quite.

 

[MichaelJohnFX]

Possible res at 10167, dentist pre sup area..

 

[Dentalfloss]

spx at the open
green broken

 

[Mr Sept]

...this is going to hurt.

 

[MichaelJohnFX]

2074 area SPX

 

[Dentalfloss]

2074 area SPX

res ??

 

[MichaelJohnFX]

res ??

yes - pre sup

 

[Mr Sept]

Looks at the Dollar....sells WTI

 

[Dentalfloss]

yes - pre sup

excellent work..thnks

 

[Dentalfloss]

could bounce at 2066..there now
stops tightened

 

[Dentalfloss]

could bounce at 2066..there now
stops tightened

or 2064 area

 

[Mr Sept]

Looks at the Dollar....sells WTI

Covers half the position

 

[Dentalfloss]

high pole/aqua
gut feeling.....there could be a low pole..ie a reasonable move down below green...that gets bought...ish
it could be totally wrong...lol
spx since 27th April...5 minute data

gut feeling was right...excellent tank

 

[Dentalfloss]

no supp at 2064 ...excellent

 

[Dentalfloss]

oil/wti in a horizontal res

excellent move from our res area

 

[Dentalfloss]

stopped out on dax and spx
excellent run

 

[Dentalfloss]

spx updated chart

 

[Moneylender]

I hate Fridays, usually so quiet then when I go off and do something else we get a mega drop!!

 

[MichaelJohnFX]

stopped out on dax and spx
excellent run

Would be helpful if one of the topic you could cover is if you've identified a support or res area and it blasts through, how do you know to change your bias 🙂

 

[Dentalfloss]

spx updated chart

we were right this morning....a low pole
watch out...they can recoil....quickly