Trading with point and figure

[foroom lluzers]

Where in p & f charts does it tell you the following ?

Wall street closing previous end of day prices , if they rise before the next day open or fall before the next open , in most cases revert to previous close prices.

 

[foroom lluzers]

Gap on cash

Are you getting a free lunch or risk free entry??😆

 

[Dentalfloss]

20630 pump or dump

pumped...excellent
dow and ftse went with it
luvin it

 

[Dentalfloss]

20649 the close...on our way

wham...excellent

 

[foroom lluzers]

😆😆My view is buy above 1.2200 with a full 30 min bar close above or 1 .2130 with a 30 min bar close above😆😆

I mean 30 min bar bottom including wick , above 1.2200 and stop below 1.2200:smart::smart:

 

[Moneylender]

DFAX levels for today

 

[Moneylender]

DAX Pivots

 

[Moneylender]

A few trades for this morning, BO in pink, I am still long from 12145

 

[Moneylender]

A few trades for this morning, BO in pink, I am still long from 12145

I was hoping to close above 12200 but I think I missed it whilst out in the sunshine so have closed @ 194 with nearly 50 pips.

 

[dashdbn]

Nice

 

[foroom lluzers]

A few trades for this morning, BO in pink, I am still long from 12145

I was hoping to close above 12200 but I think I missed it whilst out in the sunshine so have closed @ 194 with nearly 50 pips.

I notice you are trading emotions ,it is normal for humans , our human brain is designed to trade emotions.

You fear getting burned and losing , so you use tight stops?Am I correct?

You fear losing your profits , so you take small profits , you fear missing out of taking profits?Am I correct?

Or is this your trading style ?Correct me ,if I am wrong.

You closed below previous support , as it may become resistance?

 

[Moneylender]

I notice you are trading emotions ,it is normal for humans , our human brain is designed to trade emotions.

You fear getting burned and losing , so you use tight stops?Am I correct?

You fear losing your profits , so you take small profits , you fear missing out of taking profits?Am I correct?

Or is this your trading style ?Correct me ,if I am wrong.

I trade for fun, the profit helps of course!!:cheesy:

As for stops I dont actually use hard stops unless I am away from my pc or to lock in profit.

 

[dashdbn]

This thread is mainly for scalpers

 

[foroom lluzers]

This thread is mainly for scalpers

You think you are living in a tipee , money lender took 50 ticks .

Is 50 ticks scalping?

This is p f thread 😆😆😆

 

[dashdbn]

Ok mate know need to be funny now. We are all here to learn and grow

 

[Moneylender]

Dow sofar today, got my 20600 overnight but no trade sofar. Am weary of trump and Li effect along with NFP tomorrow so will prob reduce my bet size.

 

[foroom lluzers]

all vibrations are up , but I don't put on new trades between 1.30 and 3 p m on us markets ,,,,,,,,,,,,,,,,the open can be choppy

 

[Dentalfloss]

thinking we might move up before US open...small gap /up
dumps at the open to test 20600
lets see

whacko

 

[Dentalfloss]

not sure if we test 20.6K..yet
20660 first

 

[Dentalfloss]

12170 dax..pump or dump
7300 on ftse

decent pump from that and a scalp from retest of 12212