facebook ipo came at the worst possible time here is the spx..1o min data the downtrend from 1 st may note that it is in 2 waves the first was a sudden move the second is more prolonged and will have to take out that downtrend line with a res area of 1307 ish.if price goes down,so does the res area
no substitute for FACETIME nose in the charts every minute of every day never could get hand of P'n'F
eurusd 60 min watch for that res area to get taken out prev chart/cable data is 10 min these areas shown must be taken out to show any dollar weakness
hey dentist, what is the point of all this in terms of making actual money. What about entries exits stops and probabilities? How do you make money by what you're doing here??
hi Chikitout ok.i am posting charts to basically show what to look for with p/f charts.the thread is learning to read price action so...entries i usually trade from 1 minute data looking for breakout points i then look for areas at the opposite side of the breakout to try and enter.to try and keep my stop as tight as possible..if not,i have to enter on the p/f signal that is it...no more to tell probabilities...well this is more dependent on market mood...certain days give me good follow thru and some days are not great the %win is >90%...but that does not mean to say that you make plenty on each trade...some only get a few points,and many have good follow thru
well if your winning pct is 90% with a tight stop, im not even sure what else to say. ill just go away now... good trading to you.
actually...checked back last 6 months 80% plus not 90% as i thought but...you have to think about the fear and greed factor and this can give you many more points sometimes.so there are alot of factors to consider it is not a system,just a method of charting data