Trading with point and figure

[Dentalfloss]

scalp out of 6775
tight stop
dax bounce and retest 10626
longs

 

[Dentalfloss]

fwiw - Test support at 10600 and then bounce to 10700 :whistling

seems so

 

[Dentalfloss]

scalp out of 6775
tight stop
dax bounce and retest 10626
longs

bounce to 6816 area...excellent
only took a few on dax an dow..who cares

 

[Dentalfloss]

retest 10626 area...and bounce
excellent

 

[Dentalfloss]

ftse..stops very tight
in our 6824 area we marked before the open
excellent so far

 

[Dentalfloss]

stopped out on dax and ftse...excellent runs

 

[Atilla]

What you thinking on cable? I was bullish with a target of 1.26 but 1.25 seems to becoming a bit of a hurdle... 🙄

 

[Dentalfloss]

What you thinking on cable? I was bullish with a target of 1.26 but 1.25 seems to becoming a bit of a hurdle... 🙄

we had 1.2400-1.2500 marked as rez a couple of weeks ago
but...
lookin again at it now

 

[Dentalfloss]

CABLE over the last month

trends marked

 

[Dentalfloss]

What you thinking on cable? I was bullish with a target of 1.26 but 1.25 seems to becoming a bit of a hurdle... 🙄

it is bullish....pulling back from that 1.2600
but....
you have to watch the downmoves
if 1.2500 becomes rez

 

[Atilla]

Thanks Dentist, will maintain bullish pos and I think 1.25 will become new PP, with 1.24 - 1.26 new range.

DAX as you say may have finished with testing 10625s already and I'm thinking it will try and take out:

PP-R1 @ 10670 and make a run for 10700.

Draghi talking at 12:30 so hopefully he'll say somethings that are nice.

Italy referendum already pencilled in I reckon. 👍

 

[Dentalfloss]

1.2552 a big rez area
1.2408 a big supp area
if 1.2550 area is rez on bounce ...then bears in

 

[Dentalfloss]

change inputs

ftse now in a big rez..lets see how it gets handled

 

[Dentalfloss]

gettin ready for US session...have not done this for a while

 

[Dentalfloss]

DOW into the open

 

[Dentalfloss]

it all depends if the latest break is not a trap

 

[Dentalfloss]

some areas to watch

 

[Dentalfloss]

19200 area looks to be a vertical count target...could be rez
2214 as we said this morning on spx...there now

 

[Dentalfloss]

19200 area looks to be a vertical count target...could be rez
2214 as we said this morning on spx...there now

no hurry to short

 

[Dentalfloss]

19200 then 19180 supp areas