Learning to read Price Action with P&F Charting

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

  1. an important zone for the dow
    1.trend support/green
    2.a double-bottom p/f break
    3.a prev breakout point on the way up
    wow..this is abig zone
    H2 DATA
    [​IMG]
     
    #2231     Jun 20, 2013
  2. eurusd H1
    fomc ..break of trend
    [​IMG]
     
    #2232     Jun 20, 2013
  3. aussie dollar...commodity currency
    audusd H4 data from 15 april/approx
    a very steep downtrend
    that gets tested in .9400 area
    43 pips by 2 reversal
    [​IMG]
     
    #2233     Jun 27, 2013
  4. goog
    looks li
    [​IMG]ke it wants to test support
     
    #2234     Jun 29, 2013
  5. eurusd as we go into nfp
    in a downtrend within a consolidation
    H2 data
    support is at 1.2990 area then plenty of horizontal support from early june
    trend res is at 1.3170 and 1.3080 areas,aswell as horizontal res
    we could add a fib.but not really necessary.there is plenty of information from this chart
    [​IMG]
     
    #2235     Jul 1, 2013
  6. gbpusd
    H1 data
    shows the downtrend that started in mid june
    it has 3 downlegs.the last started yesterday/Carney
    so we can go to 5 min data and track that latest downtrend
    [​IMG]
     
    #2236     Jul 5, 2013
  7. eurusd
    we got a couple of fakes this year
    now back in the main supp zone
    [​IMG]
     
    #2237     Jul 6, 2013
  8. will we bounce ??
    a test of an important trend
    [​IMG]
     
    #2238     Jul 6, 2013
  9. catch a falling knife
    you can...
    how ??
    on a 3 box reversal chart,if you think it has made a bottom or a top you can draw a 45 degree trendline from that top/bottom as a potential supp/res...only if there has been a reversal column made.in this case a column of "X"s
    so on this chart,we have a potentail bottom.so have drawn a trendline/green.potential supp is at
    118 area.we can then see how this minor uptrend seems
    [​IMG]
     
    #2239     Jul 7, 2013
  10. cable...gbpusd
    H4 data
    starting to get bullish
    [​IMG]
     
    #2240     Jul 13, 2013