Trading with point and figure

:drunk::drunk::drunk:

Atilla said:
BoE minutes got market bullish on cable. If supp holds at 1.2350 I think it'll continue up now until something comes out to the contrary.

Switching camps 🙄
Click to expand...

not sure about that
no bias is better
it is a mess
 
Last edited:
dentist007 said:
:drunk::drunk::drunk:

not sure about that
no bias is better
it is a mess
Click to expand...


Know what you mean about bias but it's how I see and trade trends. I'm happy to change mind and don't care much if I'm wrong.

It all depends if inflation picks up. Looking at guidance from BoE.

On daily charts we've made a higher low since Jan and last two days CS move breached MA20. Breach of 1.24 likely to be significant and we may see climbs from here.

There was also some talk of Merkel asking article 50 to be postponed until after EU elections.

Thus, we may see change in trend. :whistling
 
swissy said:
Doesn't look like its got legs to me...could be wrong, I think we will settle at 4850.
Click to expand...

Just for clarity I was looking at WTI April futures (4880), I'll be switching to May futures which is priced about 40 points above (currently 4932). Are you on monthly expiry or rolling??(I don't get a choice!).
 
10ckymr.gif
 
on those inputs
there is just no active upside vertical count as yet
maybe...if that green trendline holds
 
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