update to the eurusd chart posted a couple of days ago the trend on this chart/down is broken but we go to 2 box reversal and the picture is not confirmed as yet..maybe nfp might do this massive overhead res at 1.2996 area/trendline cluster
ok...so anybody a bit unsure on how we trade we look at the dow,staying with the 30 min data we move around box size and reversal look what we come up with we could trade from the 50% of the high pole or...for the nervous ones ,thenjust look 1.break of uptrend /green line..that minor trend that started on 25 march.price was in a consolidation,which was even better for us..tighter stop then we could take the first breakdown or for a better ride...then the second/purple line all the bullishnes on that minor uptrend had been taken out by then keep it simple.no indecators etc etc
take care with those ftse short trades we have only tested horizontal support 6230 area is horizontal and trend support...aqua and purple line confluence Ftse 100 index daily data 35 pts by 1 reversal
dow watching test of resistance at 13595 to 13630 area/red line see if the shorts come in 2 hour data 35 points by 2 ..close plot
P&F has always been a favorite study of mine. Market Profile as well. The fact that P&F is 1. largely independent of timeframe sampling, and 2. largely insensitive to sampling size - makes P&F, IMHO, an excellent tool. I have frequently used it to confirm other technical studies. I read your posts and I appreciate them.
eurusd daily data 6 months data loaded there is a potential count column/upside vertical count being formed..the red arrow this can fail.then we go back down
NOpe p/f should be the first look why...because on candles/bar you cannot quantify the trend so with indecators/oscillators are not defining this aswell