dollar index daily.the supp and res areas can be seen.however,these can be difficult sometimes to really pinpoint.howeverthe easiest thing to spot is the trend.a decent support area cannot really be considered uneless we have a break in the latest downtrend line.imho 6 months data
audusd..2 weeks of data on the chart 15 pips by 1 reversal..10 minute close data this one of the commodity fx pairings at a resistance.no sign of a breakdown as yet
eurusd. the downtrend that started on 5 november/non farm payrolls day looks to be reversing now 3 weeks of data on the chart..10 min data plot 14 pips by 3 reversal.hilo plot lets see if the support..black line holds and the uptrend line weaker dollar=good for stocks,uneless the downtrend continues
eurusd.hourly data 19 pips by 3 hilo the minor bounce soon got taken out .all negative now.at this point we need to see 1.3530 area as support to show some strength rom this low pole
cable..gbpusd downtrend of the last week. not sure where support will come in.although 1.5580 could be it
base did not last long no signs of real support as yet according to deutsche bank .portugal about to hit the fan in january.so i will eventually post a chart of potential support areas...god help us if the spanish were next after the portugese.i hate to think where the support areas could be
Dentist Your charts are most informative and I've been admiring their clarity. I have a newbie question however... you seem to vary your box settings (9x3, 14x3, 19x3 and so on)... How do you determine which box size is the best fit for what you think the chart is telling you? Is there a policy of one size fits a particular time frame that you have in mind, whether you're trading intraday or swing trading. Or is it an arbitrary thing to back up your opinion, ie the equivalent of flicking through different time frame candlestick charts to give you a better feel for the market? Any info much appreciated - I've spent the last week learning as much as I can about PnF, this seems to be the most comprehensive thread so far. Thanks, Progressa