Trading with p/f

This is a discussion on Trading with p/f within the Technical Analysis forums, part of the Methods category; the last chart we have added the horizontal supp/yellow and.. the aqua line...this is where the price action turns negative..ie ...

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Old Mar 9, 2014, 11:15am   #9
 
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dentist007 started this thread the last chart
we have added the horizontal supp/yellow
and..
the aqua line...this is where the price action turns negative..ie a double-bottom pattern
the bulls can be in that area aswell
note laso prev breakout point/orange aswell as horizontal supp lower


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Old Mar 9, 2014, 11:17am   #10
 
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dentist007 started this thread hopefully..we will update the charts tomorrow at euro open and look at the price action
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Old Mar 13, 2014, 2:48pm   #11
 
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Quote:
Originally Posted by dentist007 View Post
hopefully..we will update the charts tomorrow at euro open and look at the price action
forgot to update the oil chart on monday
but from this chart you can see the price action clearly,including the signals to trade

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Old Mar 30, 2014, 10:00am   #12
 
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dentist007 started this thread Dax cash index into next week
60 min data for the month of March
showing 2 trends
the uptrend that began on 14 march is coming up against horizontal res/purple
these are at 9600 and 9670 area
main supp area starts at breakout point/yellow horizontal at 9486 area
trend support/green in 9450 area
the second phase of the uptrend is green
so..now we have a fix on where supp and res might lie


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Last edited by dentist007; Mar 30, 2014 at 10:03am.
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Old Mar 30, 2014, 11:23am   #13
 
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dentist007 started this thread so..we have mapped out the important areas from the 60 min data
in order to daytrade we want to take a closer look
the uptrend from 14 March had 2 moves with a wide consolidation.On any chart,if there is a wide consolidation,it is important to keep each trend separate.Especially with p/f as you will be 'curve fitting ' the box size and reversal to incorporate 2 separate trends which both have different volatility
so we look at the latest push upwards..as it is of short duration at this point we go down to 15 minute data..that trend started on 24 march

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From this chart we can see trend supp..horizontal supp and of course we have those big horizontal res on the 60 min
depending on the news..price could break above those horiz res or possibly better is a bounce off and test supp...then we need to see the reaction/signals in supp
We dont want to waste our money on trading coaches/mentors,we just want to get in from 1/5 min signals and trade
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Old Mar 30, 2014, 11:38am   #14
 
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dentist007 started this thread moving around box/reversal size,we can see where the trendline cluster/big supp should be if that uptrend gets tested approx 948 area
so now we have the horizontal res and the bigger supp area marked

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looks to need to stay above 9500 to remain bullish
Thats it...i will be passing round a hat for donations...lol
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Old Mar 30, 2014, 5:31pm   #15
 
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dentist007 started this thread a quick look at spx futures into the open
looks a bit negative
30 min data
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trend and horizontal supps shown
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Old Mar 30, 2014, 5:51pm   #16
 
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dentist007 started this thread adding to the confusion...
dow in a reasonably strong supp area
4 hour data
dow futures 16170 area
the range is coiling

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