Learning to read Price Action with P&F Charting

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

  1. ammo

    ammo

    4 yr gc
     
    #2331     Nov 30, 2013
  2. thanks ammo
    keep nipping and tucking

    spot oil
    4 hour
    shows the downtrend that started in September
    70 cents box size by 2 reversal
    there is trend res and horizontal res in 95 area
    it needs to test and break this area to start getting bullish
    further res/purple at 96.50 area

    [​IMG]
     
    #2332     Dec 1, 2013
  3. some trends in cable over November
    4 hour data
    2 trends ..the latest gets tested at 1.6300 area
    we either break higher or test the trend or possibly horizontal support
    [​IMG]
     
    #2333     Dec 1, 2013
  4. eurusd has been a bit wild over the last few months
    very short lived trends
    so we have gone down to the latest trend on 30 min
    started on 21st november
    12 pips by 2 reversal
    hilo plot
    the trend gets tested at 1.3570 area
    plenty of dollar news this week including nfp
    [​IMG]
     
    #2334     Dec 1, 2013
  5. then...
    we can narrow the plot area by going to close plot
    we can then expose the underneath supports
    trend supp at 1.3560 area
    there are horizontal supports aswell which are easily seen
    so..we break higher or test s
    horizontal and trend supports
    same box size and reversal

    [​IMG]
     
    #2335     Dec 1, 2013
  6. ammo

    ammo

    appreciate your work denti, how bout the spx
     
    #2336     Dec 1, 2013
  7. Hi Ammo
    60 min spx index shows the uptrend that started on 7th october
    5 points box size by 1 reversal
    hilo shows the trend more clearly
    main trend is thick/green
    internal is thinner greenend that
    so the uptrend has trend supports at 1780 and 1790 areas
    1800 round number
    res is the horizontal/prev res at 1815
    either we break higher...possibly good nfp or test supports
    imho
    started[​IMG] on beginning of october
     
    #2337     Dec 2, 2013
  8. a slightly different veiw
    same data
    4point by 1 reversal
    close plot
    that uptrend is pretty intense
    trend test in the 1792 area
    prev breakmy take...great nfp numbers then taper on the cards
    spx down
    poor nfp..then no taper talk...spx up
    how does that sound ??
    [​IMG]out point/purple is 1796 area
     
    #2338     Dec 2, 2013
  9. ndx 4 hour
    [​IMG]
     
    #2339     Dec 2, 2013
  10. ammo

    ammo

    thanks D
     
    #2340     Dec 2, 2013