Learning to read Price Action with P&F Charting

a fracking great week for oil
60 min
see how res kept it in
price got squeezed and out it popped

 

update on our gold chart
latest break is shown/dark purple
there is a trend test in 1284 area/green trendline
and 1294 horizontal res
1300 possible and above

 

gold 60 min
1296 breakout point
1292 trend supp

 

cable ..gbpusd
a nice short signal generated this morning
missed it
did not wake up early enough

 

care with eurusd shorts
daily data shows the 2 trends since july 2012
it is in a range...but there is a bull trap/arrow which has confused alot of people that it is a negative chart...not as yet

 

same with cable/daily
a couple of fake bearish signals

 

STC.This was facebook on friday.we had the run up to the $70 res which was traded
As you can see...the opening hour.the price was really messy.when it gets like that you have to constantly move around box sizes and reversals.once we hit the 68.50 area which we had marked,price action was alot easier to read...in fact ..it was alot easier to read on a bar chart...for the whole day
data is 1 min/close plot 4 cents box size
when it comes down to messy price action the p/f charts get overcrowded

 

60 min telling us that there is a test of trend/green at 1324 area
already tested
horizontal supp underneath

 

eurusd 15 min
bears lookin hard if it tests res

 

audusd 2 hour
in the bull zone