Learning to read Price Action with P&F Charting

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

  1. 15 min data
    downtrend broken

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    #2411     Mar 16, 2014
  2. same time input/15 min
    same box size 25 cents for spot oil
    change the rversal from 1 to 2
    hey preesto...we can plot trend res at $99.00 area
    supports can be picked up/horizontal between 97 and 98.25 areas

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    #2412     Mar 16, 2014
  3. then if we change the reversal to 3..we get a clearer picture of the price action
    purple horizontal is prev supp...could be res at $100
    trend res at 100.50/red trendline

    trend supp/green at 97.50 area
    at this point..it is a recoil in a downtrend

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    #2413     Mar 16, 2014
  4. dax futures for the open

    60 min data
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    trend res/red 9114
    horizontal res/yellow 9093
    prev breakout point/aqua 9009
    trend supp 8967/green trendline
    horizontal supp 8925/orange
    at this point..it is a recoil in a downtrend
     
    #2414     Mar 16, 2014
  5. Does bullseye allow you to only draw 45% trend lines or can you also connect swing highs etc? Do you find 45% is a better indication of trend change then traditional trend lines?
     
    #2415     Mar 19, 2014
  6. hi greengreen
    bullseye does both
    trendlines..always use both..it only takes a few seconds to put them on...but it will enhance your analysis..imho
     
    #2416     Mar 21, 2014
  7. dax 30 min shows the 3 trends since 14 march

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    #2417     Mar 23, 2014
  8. gold 30 min
    going into next week

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    #2418     Mar 23, 2014
  9. spot gold 30 min
    gettin ready to pop

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    #2419     Mar 26, 2014
  10. update to the chart posted this morning
    a classic case of a failed signal
    a failed triple-top and a double-bottom break ..downward
    whenever,we get a p/f signal..we always look for failure
    these failure trades always work well

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    #2420     Mar 26, 2014