Learning to read Price Action with P&F Charting

Discussion in 'Strategy Building' started by HolyGrail, Mar 22, 2008.

  1. Totantaz

    Totantaz

    scanning for my stocks yesterday, i had trouble finding any good bullish formations.

    monday will be interesting :eek:


    Totantaz
     
    #1651     May 9, 2010
  2. eurusd should call the shots next week.i think..that is why i post the charts on this fx cross.although,i dont think it will be as wild as last week.central banks might stabilise it all
    just a thought
    nas 100
    1 min data plot
    2 weeks of data
    3.5 pts box size by 3 reversal
    there is a big res area looming.chrt is bullish.ie last signal.market will decide the direction

    [​IMG]
     
    #1652     May 9, 2010
  3. Totantaz

    Totantaz

    yep looks like there is some upside this morning

    es future rallying, interesting to see if its a big trap or the correction is fading

    Totantaz
     
    #1653     May 10, 2010
  4. TTTrrr

    TTTrrr

    Hi dentist007
    You know that soft Bull's-Eye Brocer ver.4.08 correctly describes P&F only on the daily data? Yes. It was only during daylight DATA "It certainly sounds strange, because for the classic P&F does not matter what time interval was data, but it is a fact. If you do not believe me feel free to contact by mail with the manufacturer of soft Bull's-Eye Brocer. I do not recommend you use a soft Bull's-Eye Brocer other data for analysis except only the day.
    P.S.
    In the column headed "DATE", should be the format "MM/DD/YYYY". If this format is no data, soft not correctly doing the reverse.
    Bear in mind that each data cell must have a different day.
     
    #1654     May 10, 2010
  5. cable...gbpusd
    20 pips by 3 reversal..hilo
    10 min data plot..approx 3 weeks of data
    only a small pullback,since we went into the idea of a hung parliament
    some well defined trends

    [​IMG]
     
    #1655     May 11, 2010
  6. eurusd
    10 min..20 pips by ..hilo
    some nasty lookin downside vertical counts/black lines

    [​IMG]
     
    #1656     May 11, 2010
  7. TTTrrr.i dont understand what you are on about..please explain more clearly.thanks
     
    #1657     May 11, 2010
  8. eurusd ..hourly data
    25 pips by 3 reversal .hilo
    there is an active downside count of 1.2100 area.
    dont know what the numbers equate for the dow,nas

    [​IMG]
     
    #1658     May 11, 2010
  9. TTTrrr

    TTTrrr

    This email written to me the developer soft.
    -->
    >> Hi,
    >>
    >> thanks for your email.
    >>
    >> If it is not too much work for you - could you make the same data, but
    >> make it daily data instead of having it intraday. I do not doubt you are
    >> right. But, I don't think the error would be there if it was daily data
    >> and daily close was used to plot. Like I said, intraday data is not the
    >> best use of Bull's-Eye Broker since it is intended for daily EOD data.

    >> The
    >> focus of next version of Bull's-Eye Broker is real time intraday data.
    >>
    >> Carl

    -------------------
    dentist007 understand?
     
    #1659     May 11, 2010
  10. TTTrrr...now i do understand what you are talking about
    ok..so technically bullseye should not be used for intraday data.this,to me is garbage.i have configured bullseye to read intraday data from two sources.it works great.the charts are correctly presented and look great.i know carl is working on a real time version of beb.ie the data does not have to be downloaded,but is streamed to beb.however,there is a way round this,which i did tell him about.the data can be collected from esignal or iq feed at regular intervals,input by the user.the data is collected by qcollector and put into a file on the hard drive.beb will refresh automatically.i told him that there was no need to write a real time version
    one thing i have come across,when using intraday data...the look back period must have enough data to get the whole trend,whether it be a major ,intermediate or minor trend.this is needed to input all the 45 degree trendlines for the whole part of the trend,including all the internal trendlines.this enables you to break down the chart with 45 degree trendlines into bullish and bearish sections.so,for minor trends,i will look at the 10 min data,because it has a 3 week look back period.my reasoning is that any minor trend does not last more than 3 weeks.
     
    #1660     May 11, 2010