Learning to read Price Action with P&F Charting

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

  1. update on eurusd

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    hourly data input
    38 pips by 3 rveersal hilo
    that is a tough cookie
     
    #1701     Jun 14, 2010
  2. eurusd..hourly data
    45 pips by 3 reversal.hilo plot
    this chart has got bullish today.next res area shows up well.approx 100 pips away..ish.double bearish resiistance lines
    because there are so many resistance areas ,it will be a slow grinding rally,until they are all taken out
    masses of volatility until 1.2800 area..if we get there

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    #1702     Jun 17, 2010
  3. happy father"s day to all males...

    bears beware !!!!!
    dont call the top of the stock market just yet...
    eurusd 9 pips by 3 reversal/close plot
    hourly data from 5 june approx
    look at the uptrend that started on june 6TH approx.
    this is very bullish price action.notice how the down columns are getting shorter.
    uneless this chart changes in character,then up we go..there are plenty of overhead res area to short from.[​IMG]

    the market ot news will decide when the top is in/long term
     
    #1703     Jun 20, 2010
  4. eurusd..this chart has tuned short term nasty
    eurusd hourly.11 pips by 3 reversal.hilo
    a minor top looks to be in.there is a horizontal count./black line that has a taget of 1.1800 area.there are vertical counts/initial to 1.2050 area.uneless the bulls come in,then the rally is going to fail


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    #1704     Jun 23, 2010
  5. update on the 38 pips by 3 reversal.hourly hilo chart of eurusd
    price action is keeping bullish
    nearly all the downtrend lines have been taken out.there is a spread triple-top forming.we could break upwards at the third attempt.or we get another knock back.the spread triple-top is more bullish than a plain triple-top breakout

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    #1705     Jun 25, 2010
  6. eur broken out.spread triple-top

    chart is now bullish

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    #1706     Jul 1, 2010
  7. eur broken out
    chart is now bullish

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    #1707     Jul 1, 2010
  8. eurusd.hourly data input
    38 by 3 reversal ..hilo plot
    #a high pole at res makes this cross vulnerable to a short term sell off

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    #1708     Jul 7, 2010
  9. eurusd daily data input
    an intermediate resistance area encountered on the latest uptrend which started in june
    66 pips by 3 reversal hilo plot.green line showing the res area..45 degree trendlines/down.price breakout is a high pole

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    #1709     Jul 10, 2010
  10. a higher box size..81 pips by 3 reversal..hilo
    we are now in a pretty major resistance.this should set back a summer stock rally for the time being

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    #1710     Jul 10, 2010