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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: 912

 

02-17-12 09:50 PM

audusd 4 hour updated chart
1.0640 got tested/major supp on wednesday
price is out of the channel in a consolidation.and no signal as yet to go short

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dentist007
 

Registered: Apr 2004
Posts: 912

 

02-17-12 10:32 PM

s&p 500
2 hourly data
we can see how the market threw out a fake downward signal on 10 feb
most people calling the market overbought and due a correction
no way..price got bullish and we carried on upwards
new supp area has moved up to 1350


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krittika
 

Registered: Feb 2012
Posts: 24

 

02-17-12 10:59 PM

you`ve drawn the trendlines incorrectly.You shoulda connected 'Oes' with 'Oes' and 'Xes' with 'Xes'.That how it works.

cheers!

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dentist007
 

Registered: Apr 2004
Posts: 912

 

02-17-12 11:07 PM

one box reversal
subjective trendlines should connect up to the right hand side of semi catapults
according to duplessis

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dentist007
 

Registered: Apr 2004
Posts: 912

 

02-19-12 09:28 PM

nasdaq 100
15 minute data
watching for a possible breakdown
trendline break is at 2570 area
support underneath to

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dentist007
 

Registered: Apr 2004
Posts: 912

 

02-25-12 08:04 AM

s&p 500 index..hourly data..4 points by 1 reversal..close
the red trendline defines the latest trend intensity.this has not been tested..1360 will be the test of that intense minor uptrend

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