dentist thanks for your reply. I am using QT with IB data. QT does not draw proper p anf charts. and data is only max for ten days. I feel that p and f can make me profitable and I need correct charts. Any programme which can use IB data or another which will not use IB data, Thanks
cable..gbpusd 10 min data..12 pips by 3 reversal price action on thusday and friday coiled up and we got a triangle that popped after non farm payrolls
then if we look at the same chart...1 box reversal there is a great signal to go short the 1 box horizontal count target was hit
eurusd 10 minute dat29 pips by 1 reversal support areas are shown in green,horizontal lines resistance ..red horizontal lines approx 3 weeks of data you can make a healthy income trading from those pivots note the failed triple-top.then the breakdown after non farm payrolls
EUR/USD left 0.5% x 3 and on the right 1% x 3 At the 0.5% we see a possible triple bottom break, normally a very nice sell pattern but in this case we see a very long reversal to the upside while this pattern was created. What this means is that we can expect a tripple bottom break but there is a very high probabillity that this will be a false breakout and that we will see a reversal and move to the upside. So to trade this pattern, do not take a triple bottom sell but take an upside reversal trade. Yes, the triple bottom can play out but there is a very low probability, I suggest only to take the fake pattern. At the 1% we can see that the triple bottom sell patern has played out very nice, you would say that it is time for some more downward proffits and you would expect it to go lower but I think we will spend some more time between the 1.5 and the 1.25 area before we go down. On the 1% we are still in the trade but we look for the 1.295 break if this is not going to happen quick we should take in the proffits and wait for a new trade.
S &P 500 index 30 minute data 4.00 points by 1 reversal..close care with shorts a bullish chart.good support at those double trendlines
an update on the chart that was posted last weekend price broke down from the double trendline support.down to to the next trendline supp area.then a minor rally ,possibly for option expiration last friday
same data..30 min 3.50 by 2 reversal shows price action more clearly note the res at 1240 area santa rally needs to break this first