Learning to read Price Action with P&F Charting

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

  1. us 30 yield index
    daily data
    [​IMG]
     
    #2551     Jan 5, 2015
  2. a closer look at the latest move down
    60 min data
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    #2552     Jan 5, 2015
  3. Justin
    great to meet you
    Thank you for the beer and wine you bought....


    start with isolating the trend
    enclosed eurusd 15 min bar chart
    dont load too much data.
    get the range.ie high to low and when it started


    [​IMG]
     
    #2553     Jan 5, 2015
  4. then we have a first look at p/f set up and try and copy the look of the barchart
    see the trend
    we have isolated one trend
    then we can move around box sizes and reversals to extract information on tha trend

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    #2554     Jan 5, 2015
  5. a nice chart of S&P 500 index
    price peaked at 1st december
    to most..price looks rangebound
    but to p/f chartists..slightly different
    we had 4 fake moves/upwards/yellow marks on "X'columns
    these were sold off to green supp area
    a possibility is that the bulls capitulate and the supp goes....4 fake upmoves would put most people off
    need a break of supp and the supp to act as res on the bounce
    [​IMG]
     
    #2555     Jan 31, 2015
  6. dax
    into the open
    [​IMG]
     
    #2556     May 24, 2015
  7. dollar index
    [​IMG]

    coming into res
     
    #2557     May 24, 2015
  8. spx 60 min

    [​IMG]
     
    #2558     Aug 16, 2015
    dartmus likes this.
  9. Nice thread!!! Very useful price action information.
    Where is HolyGrail now? Is he still around?
     
    #2559     Oct 10, 2015
    lawrence-lugar likes this.