Learning to read Price Action with P&F Charting

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

  1. s500 hourly data showing the latest breakpout.possibly at resistance.the 50% zone for that pole is 1265 area.so,we might get a test of that area to see if the bulls have the upper hand

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    #1891     Oct 30, 2011
  2.  
    #1892     Nov 28, 2011
  3. S500 index
    120 minute data input
    4.00 box size by 3 reversal
    at the 50% retrace from the move down from 1248...market is waiting for direction

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    #1893     Nov 29, 2011
  4. ammo

    ammo

    thanks dentist
     
    #1894     Nov 29, 2011
  5. thanks dentist.
     
    #1895     Nov 30, 2011
  6. sorry
    it was 30 minute data not 120
    anyway,if you go to 1 box reversal on that chart,all the s/r areas show up nicely
     
    #1896     Nov 30, 2011
  7. dentist,

    I am reading the thread but I have missed that rule. Please explain this again . Much appreciated.
     
    #1897     Dec 2, 2011
  8. osho
    well..holygrail uses a rule
    say in a consolidation..you need 2 consecutive signals.ie consecutive bullish signals to then consider if there is a possibility of a bullish trade
    hope that explains it
     
    #1898     Dec 3, 2011
  9. spot gold
    hourly data from beginning of august. $16 box size
    not really doin alot
    there is some bullish signs,but lots of res above

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    #1899     Dec 3, 2011
  10. cable.gbpusd
    hourly data..20 pip box size by 3 reversal
    a new trend has started.a shakeout
    at supp now after the selloff on friday
    reversal or continuation ???? of uptrend

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    #1900     Dec 3, 2011