Learning to read Price Action with P&F Charting

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

  1. a closer look on the 30 min
    box size is now $2 by 1 reversal
    close
    some wild stuff there
    green horizontal is where we took the swing trade..a bounce then sideways until we positioned for the fed.the orange/internal trend can track it

    [​IMG]
     
    #2361     Dec 19, 2013
  2. a closer look at the latest down move on eurusd
    30 min data
    support seems to be holding at 1.3650 area
    a bull test will come at 1.3700 area prev supp/aqua and trendline/red
    or..we break lower

    [​IMG]
     
    #2362     Dec 19, 2013
  3. gbpusd/cable
    4 hour
    a test of trend in 1.6250 area/green trendline
    trend res/red at 1.6420 area
    21 pips by 3 reversal
    hilo plot
    lets see what happens

    [​IMG]
     
    #2363     Dec 22, 2013
  4. eurusd 4 hour
    a test of trend and a bounce
    res is at 1.3730 area

    [​IMG]
     
    #2364     Dec 22, 2013
  5. spx over the last week
    points to watch over the next few days
    [​IMG]

    trend res/red 1821 area
    horizontal res 1823 area
    prev breakout and trend supp/green and purple is 1810 area
    then 1800 aqua trendline
    then 1794 yellow
    so..we could break higher on low volume or
    test the supp/res areas
    lets see what happens
     
    #2365     Dec 22, 2013
  6. whereeas the dow 10 minute has alot more order to the upmove
    horizontal res at 16260 area
    trend res at 16230 area/red
    trend supp and prev breakout point at 16170 area/green
    then 16110/aqua
    then 16050 horizontal/light purple
    and 15960 areas/yellow

    so..either we break higher or test the above areas
    [​IMG]
     
    #2366     Dec 22, 2013
  7. thinking that we need to see if gold rallies a bit more
    4hr data
    $4 box
    we area at approx 50% of the latest downmove/a prev supp also..light purple horizontal
    above there is a prev supp/light orange horizontal at 1224 area and trend res at 1232/red trendline
    so now we have a marker for overhead res
    support is horizontal down to 1180 area
    lets see what happens
    [​IMG]
     
    #2367     Dec 27, 2013
  8. ammo

    ammo

    the eur/jpy may have finished its move
     
    #2368     Dec 27, 2013
  9. eurjpy 4 hour data
    there is a very tender spot at 143 area
    why ??
    1.prev break
    2 trend supp/subjective
    bulls need to get tested there

    [​IMG]

    thanks ammo..it is on my radar now
     
    #2369     Dec 28, 2013
  10. not so fast Robbie...
    you might get burnt
    its Burns night next month...
    cos..the spike upwards on 10th december confuses the price action
    in order to get a BETTER VEIW we track the close
    p/f thrives on volatility
    chart 1
    $2.5 box size..res is showing at 1223 area
    [​IMG]

    now if we increase the box size to $3..what do we get
    1230 area..prev supp and trend res
    [​IMG]
     
    #2370     Dec 28, 2013