Learning to read Price Action with P&F Charting

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

  1. some trends in the dax

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    #2531     Oct 25, 2014
  2. coming into nfp
    usdjpy 60 min
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    #2532     Nov 1, 2014
  3. Eurusd into next week...4 hour data
    we either break lower or test overhead res

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    aqua/prev supp at 1.2610 area
    yellow 1.2662 area
    trend res/red at 1.2688 area
    lilac at 1.2740 area
    minor trend res at 1.2700 area
    horizontal red at 1.2790 area
    trend res /pink at 1.2818 area
    1.2500 is a technical bounce area..ECB and NFP this week
    lest see what happens
     
    #2533     Nov 1, 2014
  4. eurusd going into nfp
    60 min data
    res at 1.2400/horizontal
    purple trendline at 1.2420 area
    lower red at 1.2470 area
    then 1.2500...big number
    should stay below 1.2500 uneless nfp is below 200k imho
    or we test 1.2300 then 1.2250 areas if above 300k
    lets see what happens

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    please note...
    the chart parameters have been visually optimised by me and look to be in my opinion,a reasonable picture of the price action and do not constitute any trading signals
     
    #2534     Nov 6, 2014
  5. Es going into nfp
    we either break higher or test these areas
    we are watching the internal trendline/aqua
    breakout /purple is at 2023 area
    cluster of lines at 2018 area including trend support...down to 2013 /horizontal support
    if things are really bad then 2005 area/green

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    #2535     Nov 6, 2014
  6. Swissy
    at a big horizontal res/not shown
    if it retraces then test of the trendline first

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    #2536     Nov 8, 2014
  7. FTSE ready for a pop or a drop
    at res now
    if it pops then red trendline at 6624 area
    if it drops then 6500 area supp/green
    breakout point is 6532 area
    should be plenty of volatility as we are getting into a very sensitive area
    lets see what happens

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    #2537     Nov 8, 2014
  8. gbpusd..we got a fake bullish signal before..see previous chart
    looking at 4 hour data which gives us the trend down and a couple of trendlines if price bounces for a test
    1.5936 area
    1.5968
    then big number at 1.6000
    might give us a reasonable indecation of dollar strength

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    #2538     Nov 9, 2014
  9. DAX futs
    we either break higher or test the trend

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    #2539     Nov 20, 2014
  10. it popped and tested the trend..then bounced
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    #2540     Nov 20, 2014