Trading with point and figure

[Dentalfloss]

spx
pivot areas marked

 

[Dentalfloss]

10340 area trend supp
lower aqua..there now

10340 worked well today

 

[Dentalfloss]

a move up to 10465-10480...our res
wham..short
stop tightened

in our res area
posted at 8.18am

 

[f2calv]

How many times do you think the dax price changes in a 24 hour period? (i.e. how many ticks) - answers on a postcard please, and don't cheat 🙂

I will post the answer tomorrow.

 

[Moneylender]

007, I assume you went long @ 2096 area, did you close at 2103, or are you still holding?

I expected it to go up to 2105/6 but................... lol

 

[Moneylender]

How many times do you think the dax price changes in a 24 hour period? (i.e. how many ticks) - answers on a postcard please, and don't cheat 🙂

I will post the answer tomorrow.

Not enough fingers on my hands, sorry!

When are us lesser mortals getting streaming?? 🙂

 

[Moneylender]

How many times do you think the dax price changes in a 24 hour period? (i.e. how many ticks) - answers on a postcard please, and don't cheat 🙂

I will post the answer tomorrow.

Using my slide rule and Sinclair ZX I have computed its

Circa 50,000 times.

 

[f2calv]

Not enough fingers on my hands, sorry!

When are us lesser mortals getting streaming?? 🙂

Hah I knew that would wet your appetite 😎
Well considering I only got it roughly working yesterday it's going to need a fair bit more testing before it's ready - plus I currently it's running in a windows app so I need to build a web interface for it next... but you're first on the list, be assured it's very cool :innocent:

 

[Dentalfloss]

007, I assume you went long @ 2096 area, did you close at 2103, or are you still holding?

I expected it to go up to 2105/6 but................... lol

yes..went long
but you must start tightening stops before you get into the res area
2102.50 was the obvous chice to tighten/prev supp on 1 min

 

[Dentalfloss]

long trades..tighten if price approaches any res area you have identified
if you get stopped out...you can always reenter
follow the price upwards and trim the stop to 1 box underneath the low..ie volatility stop

 

[Moneylender]

long trades..tighten if price approaches any res area you have identified
if you get stopped out...you can always reenter
follow the price upwards and trim the stop to 1 box underneath the low..ie volatility stop

Thanks, as you know I dont usually trade SnP but trying to follow your method
with it. I was as you say too loose with my stops still got out with a few but wasted a few as well! lol

QED

 

[Dentalfloss]

2104 res tested..we had 2105 area..nearly right...but we got excellent movement
res area on dax workin well...10450 isgh
oil bounced from our 43 area we marked

 

[Dentalfloss]

spx
pivot areas marked

near our 2090 area
stops tightened

 

[Dentalfloss]

there now..in supp
lets see what the bull;s can do
2088 is prev res

 

[Moneylender]

Turn around time? At prev res now

 

[Dentalfloss]

there now..in supp
lets see what the bull;s can do
2088 is prev res

bounce taken
stop tightened

 

[Dentalfloss]

Turn around time? At prev res now

wham..yu got it

 

[Dentalfloss]

wham..yu got it

b
Stopped out at prev res ...excellent run

 

[Dentalfloss]

retest 2088
luvin it

 

[Dentalfloss]

and bounce..again