Learning to read Price Action with P&F Charting

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

  1. 15 min data showing the downtrend that started from res on friday
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    possible target of 1219 from that downtrend
    trend res at 1229 area..this coincides with horizontal res
     
    #2341     Dec 2, 2013
  2. spot gold
    5 min data
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    #2342     Dec 5, 2013
  3. 5 min chart updated
    a good signal to go short at 1230
    dont know where supp will come in now
    will need to test that purple trendline
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    #2343     Dec 5, 2013
  4. good signal to go long from 15 min chart today
    log boxes due to volatility

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    #2344     Dec 5, 2013
  5. [​IMG]
     
    #2345     Dec 6, 2013
  6. if we increase the reversal size from 2 to 3 box we can see a clearer picture
    a mass of horizontal res
    a prev supp...could be res at 1264
    trend res at 1276 area

    trend supp is is 1224 area
    there are short term horizontal supports between
    from the 1210 area Sujith called..it is looking a bit bullish
    we need to test the reaction in those areas

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    #2346     Dec 6, 2013
  7. spot oil
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    #2347     Dec 8, 2013
  8. short term
    30 min data
    price is coiled up
    trend res at 1232
    horizontal supp 1210 area/green
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    #2348     Dec 8, 2013
  9. that 30 min chart again
    we had 1232 res and now we hit 1264 res
    1264-1272 will be a tough cookie
    bears will be watching the reaction in that area
    b/o points 1240 and 1248 area..so we could pullback and test the bulls
    lets see

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    #2349     Dec 10, 2013
  10. aussie dollar 60 min
    res could get taken out
    numbers are dates
    35 pips by 1 reversal/close

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    #2350     Dec 11, 2013