ws..just elaborating on what i just said in the chatroom earlier eurusd..potential bias change setting up ahead of nfp tomorrow shorts will be in if there is a weak bounce off the 3560-3600 supp area/black line,and trendline.note the downtrendline which has been drawn.we can pick off strength and weakness from this.. hourly data
I understand, it is very strange that you see so few PnF topics around on the Internet while it is such a usefull strategy. There is no instrument that has clearer signals whether to buy or sell... I use it for daytrading futures, I rarely make longer term trades, one of the reasons I am rarely around in this topic. But once a while I visit this topic to see where it is hadding and try to learn something from your posts. So I guess you are only lonely in the posts but we are around ;-) I was wondering, during the day, do you daytrade futures?
only spot fx,eurusd and cable.with a little bit of ftse 100.sometimes the dow the indices are not futures trades.we have in the uk spreadbetting.ie you bet that the index will move at say £3 a point.dont need to open a futures acc fx has been very volatile and thank god pretty predictable.the volumes are so large it just moves from supp to res
i use a spreadbetting broker in london..if i think the bucket shop is trying to screw me,i can go there quickly and put a brick thru their window
eurusd...looking like a false breakout.more than a 50 % retrace from the top..downtrendline is in position..we watch the possible retest of 1.3400 area breakout point.if we retest and we get a bad bounce,then shorts come in for a kill.the downtrendline is in position so the bounce can be assessed.weakness is there due to the high pole retrace..4box retrace on a 6 box breakout.76 pips by 1 reversal..daily close
It seems I'm one of the few on ES that uses P&F charts. I use P&F charting for my longer-term trades, typically from 2 weeks to 3 months, but I've never attempted to use them for daytrading. Have any of you had success daytrading with P&F's???
I seem to be one of the few ES members who routinely use P& F charts. I use P& F charting exclusively for longer term positions however, from a few weeks to a few months. Have any of you had success daytrading with P& F charts? Do you find specific P&F chart patterns more applicable to daytrading? I normally trade the ES and trade exclusively Price Action. Thanks in advance for your insight!
Hi, im getting back in Point and Figure, of all the method i tried i find that its the most simple way of seeing true S&R levels. looking foward to posting some charts to continue this nice thread cheers, Totantaz
totantaz...great stuff it was getting very lonely in here freestockcharts.com...you can export free intraday data into bullseye...for all us stocks,index,etf and of courese forex..works really well