update on the previous chart eurusd..hourly 38 pips by 3 hilo a triangle formed WHICH WAY WILL IT BREAK..??
Hiya Dentist007, keep them up i like following your forex charts, quick question i see that you use High/Low Data, What is your take on the High/Low vs. EOD Data based on your trading experience Thanks a bunch, Totantaz
a chart of eurusd sentiment is bad for the euro.but we could be in a bounce zone the bearish support line accoding to dr zieg the p/f technician,is drawn from the highest "X " in a column of "X" s.the "x" should be exposed.ie not covered by any X or O "s so i have drawn 2 bearish support lines /green.one is about hit already.the lower should hit at parity and coincide with the downside vertical counts daily data..100 pips box size by 3 reversal.hilo plot so if this is right,then we might be in a major support area
tolan the eod data can be close or hilo same with hourly /10/1 min the software can plot either the close reading only.or hilo i look at both..i am trying to find which chart for that data series can give me some form of understanding to what is happening with the price action. there is overlap when looking at p/f charts,when changing box sizes with different time inputs.so you just learn to ignore the ones that tell you nothing new i hope this explains it Hiya Dentist007, keep them up i like following your forex charts, quick question i see that you use High/Low Data, What is your take on the High/Low vs. EOD Data based on your trading experience Thanks a bunch, Totantaz [/QUOTE]
tolan.i forgot to add something.the data comes in and has 4 values: open high low close and volume the software will either read the hilo data and plot the chart or it will read the close only and plot the chart.it does not matter if it is eod,hourly,10 min or 1 min the box size is input,with the reversal size. hence you will see charts with very long columns or very short ones.then you have to go to work to get them to what you think is the correct size
a diiferent box size..50 pips by 3 reversal.daily close data.there is a bearish support line.showing 1.1880 area lets see how well dr.zieg"s method works
update on the nas 100 /hourly 16 by 3 uptrendis still intact..just range is getting squeezed.could be a big pop soon.between the two black horizontal lines 1840 area is where it gets interesting approx 13 months of data here
euro watching.1.1880 was the support area.good old dr.zieg !! eurusd.hourly.approx 4 months of chart data 33 pips by 3.hilo plot lets see what happens between the green lines.the lower trendline/green has been drawn.in p/f you can draw a trendline if you think a top/bottom has been made.plenty of overhead resistance.the low pole just about been taken out.so there could be some strength....short term
ftse 100..in the uk market,there looks to be a change in trend.aa new short term uptrend has started/green line.need to se price stay above it.res areas are the downtrend lines 10 min data.a high-ish box size/30 points by 3 reversal close plot too early to say if it has any meat..lets see what happens no bias change seen in us indices at present
no stock market rally just yet there is a mass of resistance 2 boxes away.1.2180-1.2240 hourly eurusd 21 pips by 3 close.data is from 28 april 2010