Learning to read Price Action with P&F Charting

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

  1. ammo

    ammo

    #2311     Nov 6, 2013
  2. eurusd 4 hour
    trend support
    but we got the fake aswell
    [​IMG]
     
    #2312     Nov 7, 2013
  3. eurusd daily#
    goin nowhrere..but testin support in an uptrend
    60 pips by 2 reversal/close plot
    [​IMG]
     
    #2313     Nov 11, 2013
  4. some trends in spot gold
    hourly data
    $7 box size by 1 reversal..close plot
    note the break of support at nfp last week

    [​IMG]
     
    #2314     Nov 12, 2013
  5. looking on to next week
    flat lining with overhead horizontal resistance
    horizontal support going down to 1250 area
    1 month data shows an uptrend a down trend and the beginnings of a new uptrend/aqua
    box size is $3 by 2 reversal ie $6 and you get a change of column
    hilo plot...this seems to show the trends better
    4 hour data
    we will go down to lower box settings to pin point the decent areas where we can trade from
    [​IMG]
     
    #2315     Nov 17, 2013
  6. so to find res areas /possible pivots
    gone down to 60 min data
    $3 by 1 reversal using the close plot
    we have prev supp...could be res at 1308
    trend res/purple at 1302
    trend rs/red at 1296
    horizontal res/breakout point at 1290..horizontal

    [​IMG]
     
    #2316     Nov 17, 2013
  7. hourly data still
    by going to 3 box reversal..it reveals alot more information
    note prev supp/breakout point at 1308 area..horizontal purple
    a 50% area /white horizontal at 1290 area..more like 1292
    trend support /green at 1269 area
    horizontal at 1260 and 1250 areas
    1310 is trend res area/red
    1330 area purple trend res
    as it is a 3 box reversal..these are the preferred areas
    news should dominate the major price action

    [​IMG]
     
    #2317     Nov 17, 2013
  8. eurusd daily data
    after the fake it has regrouped
    horizontal res/breakout going to be met with trend res

    [​IMG]
     
    #2318     Nov 19, 2013
  9. a much better veiw of that move down
    15 min data
    box size is $2.5
    by 1 reversal
    the whole move had 3 minor downtrends
    supp and res areas are easily picked off from this chart

    [​IMG]
     
    #2319     Nov 20, 2013
  10. ammo

    ammo

    http://www.elitetrader.com/vb/attachment.php?s=&postid=3895882
    that hns played out, that was a 90 day chart, on a 60 day that nip is a little lower 1252-47,those ledges are resistance to get through starting with 1267 to get back to 1284 area, we may have to tag that 1252- 47 nip 1st for a little more buying fire power for a bouince
     
    #2320     Nov 20, 2013