Learning to read Price Action with P&F Charting

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

  1. s&p500 index showing thursday 8 and friday 19 jan scalping opportunities
    2 minute data
    box size is 0.500 by 2 reversal
    hilo plot
    buying the dips on both days,but see how w hit a wall of resistance and the nice shorting opportunity from the resistance.then the rally to previous resistance
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    #1931     Jan 21, 2012
  2. s&p 500 index
    4 day data input.came across this by accident.i thought i had loaded the chart with 4 hour data,instead it was 4 day
    struck me as how bullish it was.price has only just broken out of consolidation.a one way ticket upwartds since march 2009

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    #1932     Jan 24, 2012
  3. ON p and f charts I get several signals during the day, Some signals fail. Difficult to know which one will fail. I had read somewhere on this thread that if you take all signals ,you will definitely end up in a loss.

    Is there some way I can take all the sinals and be profitable. Or sure way to know which have higher probability to fail ?

    Thanks
     
    #1933     Jan 26, 2012
  4. s&p 500 index
    30 minute data
    testing the trendline support area
    3 points by 1 reversal
    close plot

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    #1934     Jan 26, 2012
  5. eurusd..today
    price coiled into a triangle and then popped
    2 hour data
    12 pips by 3 reversal

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    #1935     Jan 27, 2012
  6. s&p 500 index
    30 minute data
    price still holding above that internal trendline
    4.50 points by 1 reversal

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    #1936     Jan 27, 2012
  7. outlook for eurusd for next week
    4 hour data
    could be vulnerable to a sell
    1.3260 are is coming out as a possible res area

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    #1937     Jan 29, 2012
  8. if we go down to 120 minute data
    we see the rising trendline as the support for this trend
    if we retrace then look at 1.3150 area as supp
    if we go up..then pick of the supp areas from the rising trendline.we need to see where and if it breaks down

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    #1938     Jan 29, 2012
  9. s&p500 index
    30 min data
    4.50 by 1 reversal
    supports are the green trendlines and some possible res up above/red trendline
    non farm payrolls on friday
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    #1939     Jan 30, 2012
  10. eurusd
    2 hour data
    17 pips by 1 reversal
    a down move.but no real test of this uptrend as yet

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    #1940     Jan 30, 2012