Learning to read Price Action with P&F Charting

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

  1. dow 60 min
    the trend broke on 24th
    there is an overhead res that starts at 16443...prev supp and trend res/purple
    looks ready to pop and test that area

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    #2441     Apr 26, 2014
  2. spot gold ...gettin ready for a pop or a drop
    60 min data shows the trends clearly
    if it pops,then yellow/prev supp 1316 area
    horizontal res at 1328 area
    if it drops..breakout point was 1290 and horizontal support aswell
    nfp and fomc next week..could go either way..we could even get a test of 1250
    lets see what happens


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    #2442     Apr 26, 2014
  3. ftse 100
    30 min data shows the trends that started on 15 April
    2 trends..latest one started on 29 April
    if any sign of breakdown the latest one will get tested first
    then down to 6750 area
    nfp and chine news in the next few days

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    #2443     May 1, 2014
  4. Dax
    been trading in a range for some months
    trending within the range
    got slightly stuffed at nfp on friday and horizontal res
    bulls get tested at 9375 area/green trendline

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    #2444     May 3, 2014
  5. spx..the same in a big range for some months
    minor trends marked within the range
    areas marked

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    #2445     May 3, 2014
  6. Outlook for next week
    after that down move ,we are range bound
    4 hour chart/data shows us some areas to look to trade from
    1270 supp area we called some time ago,this we said was a pretty strong area
    orange horizontal..that is 1305 area res
    purple horizontal is 1314 area
    then there is a mid pattern rally/red at 1323 up to 1332...EXPECT the bulls to be aiming for this area
    horizontal res/aqua at 1341 area
    These are all areas to trade from..All you have to do is look for the signals on a lower timeframe to confirm



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    #2446     May 4, 2014
  7. DAX for tomorrow morning
    got kicked at horizontal res on nfp
    uptrend still intact
    trendline test at 9513 and prev breakout point at 9490 areas
    minor res at 9600
    lets see if the bull dont give up

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    #2447     May 4, 2014
  8. spot oil
    4 hour data
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    #2448     May 8, 2014
  9. outlook for next week
    areas to watch
    daily data...close
    1308 ..that is where the the 3 box turns
    1272 is where the chart goes bearish...confirm signals from these areas on lower t/f

    numbers are dates..


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    #2449     May 11, 2014
  10. into next week
    we can see that 101 area res that we talked about,not taken out
    trades were based on rally to that res and short from res
    60 min data shows the areas clearly,Red trendline/thin is trend res at 101=101.25 area
    trend supp/green is at 99.50 area,There is horizontal supp underneath going down to 98.75 area
    there will be minor res at 100.25 to 100.50 area
    there should be trading signals in these areas on lower timeframes

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    #2450     May 11, 2014