Learning to read Price Action with P&F Charting

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

  1. then again, maybe not:D
     
    #221     Mar 25, 2008
  2. Well needless to say that was a bad trade on my part and I should have paper traded it since it was something new. That's what happens when you get too cocky.
     
    #222     Mar 25, 2008
  3. The second red arrow was a short that I simmed using HG's failed DT concept, together with Resistance at 1348 (as shown by blue rectangle, also using prior lows, which become resistance when broken).

    The first red arrow is Howard's trade (since he hasn't figured out how to do screen shots yet :) ).
     
    #223     Mar 25, 2008
  4. all systems are go to take out the highs of the day
     
    #224     Mar 25, 2008
  5. So how are you liking the Inv R/T charts? I have an addiction to their VB tool, and I still use this charting even though I have moved most everything over to NT 6.5 charts. :D
     
    #225     Mar 25, 2008
  6. I love it so far thank you so much for pointing me in the right direction. I have a lot to learn though. Hell I can't even figure out how to annotate charts yet. When the market closes hopefully I will get it figured out. I still use buttontrader to trade with though.
     
    #226     Mar 25, 2008
  7. Damn this has been a tough high to take out.
     
    #227     Mar 25, 2008
  8. Are you guys still long?
     
    #228     Mar 25, 2008
  9. The weekly resistance level is 135.79.

    I made some shorting that point yesterday.
     
    #229     Mar 25, 2008
  10. I'm long three contracts at 1358
     
    #230     Mar 25, 2008