Learning to read Price Action with P&F Charting

osho...trendlines on first
that is it

 

eurusd
the big palooka is the red line...not the orange one..that was hit
daily data,shows the trend since Draghi commented to save the euro at any cost

 

eurusd 4 hour data
note the triangle before Draghi spoke.price breaks downwards afterwards ad gives us a new downtrend
res from this chart is 1.3400 area

 

when we go to 2 box reversal.we get a cleaner veiw

 

dax starting to get a bit nasty now
h1 data
a break below the red line activates a downside vertical count
23 points by 3 reversal

 

eurostoxx 50
which way will it break
res at 2670 area
supp 2570 area
these are trend supports

 

euro breakdown
in 2 steps
the aqua line got taken out
but the green.watch that trend ,if it tests res then 1.3100 area
or sideways..or a move down
eurusd 2 hour data input
20 pips by 2 reversal..hilo plot
http://i50.tinypic.com/ims5ef.gif[/IMG
[IMG]http://i50.tinypic.com/ims5ef.gif

 

cable 4 hour
a test of trend is in 5085-5150 area
35 pips by 1 close from 10 jan

 

usdcad 240 min data
testing trend support

 

a closer look at the trends on eurusd
we go down to 30 min data
see...a new trend started on 28 feb.red line....not picked up on 120 min data chart posted earlier
res for thsi trend is 1.3100 area
we shall watch this trend

this should teach you a lesson !!!!
never " curve fit " the data.ie.dont go to the best fit box size..
move around to expose the price action
don"t be lazy.....