Learning to read Price Action with P&F Charting

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

  1. ammo

    ammo

    eur has room to the upside on the 3 yr..thanks denti
     
    #2101     Dec 5, 2012
  2. ammo
    ok
    i see where you are coming from
    in p/f we dont anticipate any levelsd
    we are analysing the trend
    the trend only..and that is why we have to identify each individual trend and and look at it with p/f box es and different reversals
     
    #2102     Dec 5, 2012
  3. we want to optimise the chart to get the most information about the trennd
    so
    we must draw subjective trendlines
    on 1 box..on the right hand side of semi catapults
    or fro reaction points
    we then have a trendline
    45 deg are too clumsy for trading..
    same with 3 box reversal
    so..
    1.we dont want the columns too long
    2.we dont want the chart too wide
    we only load 1-3 trend
    each individual trend has its own range volatility
    so a different plot nearly for each trend

    we want the trendlines near the price to analyse the trend..hence 45 deg can be too clumsy
     
    #2103     Dec 5, 2012
  4. basically
    when the trend ends it must get supported or it wiull reverse
    no more
    we are defining the trends in boxes and reversals
    hence we need a few charts open to see where price is actually going
    a reversal means a change in trend
    we can pick that up by seeing trendlines on different box sizes being taken out
    that is it
    n
     
    #2104     Dec 5, 2012
  5. ammo

    ammo

    , good way to look at it
     
    #2105     Dec 5, 2012
  6. well...the trend ended on eurusd on the 30 min we posted yesterday
    a slightly bigger picture
    2 hour data
    lets see if these supp levels hold goin into nfp yomorrow
    [​IMG]
     
    #2106     Dec 6, 2012
  7. ammo....
    spx
    a couple of trendlines to wartch
    [​IMG]
     
    #2107     Dec 8, 2012
  8. ammo

    ammo

    thnx d
     
    #2108     Dec 8, 2012
  9. dow looking more bullish than compQ
    [​IMG]

    [​IMG]
     
    #2109     Dec 9, 2012
  10. watch the light blue trendline on compq
    imho
    dow..watch those internal trendlines
     
    #2110     Dec 9, 2012