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    Forums ›› Technically Speaking ›› Strategy (System) Design ›› Learning to read Price Action with P&F Charting  


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dentist007
 

Registered: Apr 2004
Posts: 929

 

04-01-12 09:13 AM

eurusd hourly data
looks pretty bullish

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dentist007
 

Registered: Apr 2004
Posts: 929

 

04-01-12 05:12 PM

cable..gbpusd
broken out
4 hour data
37 pips by 2 reversal..hilo plot
seems to be definite dollar weakness=stocks up
need to see surusd break

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dentist007
 

Registered: Apr 2004
Posts: 929

 

04-03-12 07:03 PM

spx
2 hour data

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dentist007
 

Registered: Apr 2004
Posts: 929

 

04-06-12 07:18 AM

outlook for non farm payrolls
eurusd 10min data
the downtrend that started on 3 rd april looks to be over
so either
continuation of downtrend or support comes in

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dentist007
 

Registered: Apr 2004
Posts: 929

 

04-08-12 07:45 AM

eurusd update
30 minute data showing the downtrend from 3rd april.this trend took all the stock markets down with it...a stronger dollar
now..we have the beginnings of a new uptrend..no real confirmation as yet
weaker dollar=stronger stocks
6 pips by 1 hilo plot

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dentist007
 

Registered: Apr 2004
Posts: 929

 

04-08-12 07:54 AM

so what shall we look for in this possible new trend ??
we change the chart to the close plot and we see a cluster of trendlines showing resistance.this is at the 1.3120 area which got tested on nfp..price then fell back.so there we have our potential area major res to this new trend.supports will be minor as it is a brand new trend.they can be picked off using 45 degree or subjective trendlines
price actually did settle at 3088,which was a 50% low pole area .i will show that chart aswell

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