Trading with point and figure

[Dentalfloss]

Morning all.

looking at ftse sp 7020 rez 7050.

Dropping sp 7k if bulls not in town, probably bump up and down to 7020 lets see.

spot on

 

[Dentalfloss]

oil
50.50 supp held this morning
index went with it

 

[Dentalfloss]

firts rez on dow is 18165 area
firts supp area 18105-18120

rez area 18160 -18192
supp area goes down to 18056
could go either way
needs to stay above 18K

our 18105-18120 supp held..we rallied to rez

 

[Dentalfloss]

trend break gave us a bear bias for the open
scalp short any rally on all 3 index..so far
tight stops

wham....
dax and dow
ftse in short from our 7050 dog zone

 

[Dentalfloss]

wham....
dax and dow
ftse in short from our 7050 dog zone

ftse..stop tight...could pump

 

[Dentalfloss]

scalps in and out of 7050
18120 workin well.still

 

[swissy]

ftse..stop tight...could pump

Took it down from 7050 zone, now closed @ 7020... hardly any pullback, so tight stop all the way down :cheesy:

Dump 7k or pump 7050 now I think....currently flat.

 

[Dentalfloss]

firts rez on dow is 18165 area
firts supp area 18105-18120

rez area 18160 -18192
supp area goes down to 18056
could go either way
needs to stay above 18K

double wham
18056 hit
excellent

 

[Dentalfloss]

Took it down from 7050 zone, now closed @ 7020... hardly any pullback, so tight stop all the way down :cheesy:

Dump 7k or pump 7050 now I think....currently flat.

excellent

 

[Dentalfloss]

dax over the last week

wham..our supp area hit
excellent

 

[Dentalfloss]

does supp come in ..??

 

[Dentalfloss]

dollar might get a sell
dxy testing a poss top

 

[Dentalfloss]

dow 18112-18120 big rez/prev supp
if it gets there
18104 first

 

[Dentalfloss]

dow needs to test our rez area

 

[Dentalfloss]

dow 18112-18120 big rez/prev supp
if it gets there
18104 first

wham
excellent rezult
dax and ftse went with it

 

[Micky89]

Dentist how do you come up with your support and resistance levels? I've been working off of nothing but your levels this week and it's been a good week!

 

[Dentalfloss]

Dentist how do you come up with your support and resistance levels? I've been working off of nothing but your levels this week and it's been a good week!

good stuff...enjoy the money

 

[Dentalfloss]

supp and rez levels
p/f...we can filter the data...that gets rid of alot of mess`
we just then look for a bit of confluence....that is usually a magnet for the market
there are only a miniscule amount of bad uns on this thread....imho

 

[Dentalfloss]

DOW into the open
minor downtrend that started on 20th Oct has been broken..bounce could go anywhere
supp/rez areas marked

bulls need to keep it above 18K

 

[Dentalfloss]

same inputs...but change to close plot
not...a clean break of trend as yet...still confusion..lol

there is a pivot area/green horizontal in 18160 area...that makes the chart alot more bullish if broken
bulls will be watching the pullback

there is a stack of overhead horizontal rez to go thru