learning to read price action with p/f charts

This is a discussion on learning to read price action with p/f charts within the Technical Analysis forums, part of the Methods category; Originally Posted by dentist007 risk on if that purple trendline gets taken out What time frame is this Dentist?...

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Old Jun 3, 2012, 6:20pm   #257
 
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Re: learning to read price action with p/f charts

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Originally Posted by dentist007 View Post
risk on if that purple trendline gets taken out
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What time frame is this Dentist?
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Old Jun 4, 2012, 9:22am   #258
 
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Re: learning to read price action with p/f charts

dentist007 started this thread hi malaguti
that was a 60 min data
what you look for..
that last down move had just started on friday.the long column down was the gap down befoire the the open from nfp numbers
so theis move should be really tracked say on 1 or 5 minute..with the 60 min medium term trend in the background
only draw trendlines from the 1st may high..that gives you the longer term trend
we want to track this latest move downwards..we will have a few trends on that shorter t/f charts and we can then see which ones hold
remember.. we are not calling out levels where support comes in....we are tracking those trends with trendlines...p/f trendlines track constant rate of change per reversal...barchart trendlines track constant rate of change per unit of time
we want to track the price action and trade from called out levels
from called out levels ,we only have an idea where s/r should lie.does not mean that the trend will change
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Old Jun 4, 2012, 5:12pm   #259
 
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Re: learning to read price action with p/f charts

dentist007 started this thread update to that hourly spx chart
we had a reaction point .so now we can place more trendlines nearer the price action.these are the green trendlines.there is the more inetnse downtrend by the first downtrend line.this was drawn connecting the right hand side of the semi=catapult.this is a very intense trend and probably will weaken.the other is the 45 degree trend..the thicker green line

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Old Jun 7, 2012, 9:26am   #260
 
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Re: learning to read price action with p/f charts

dentist007 started this thread areas to watch on eurusd uptrend
30 min data
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Old Jun 7, 2012, 6:53pm   #261
 
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Re: learning to read price action with p/f charts

dentist007 started this thread spx 5 min data
a very intensse uptrend
these cannot be maintained for long

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Old Jun 7, 2012, 9:31pm   #262
 
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Re: learning to read price action with p/f charts

dentist007 started this thread update to the spx 5 min
that intense trend blew off as we said earlier this evening,back into the supp zone

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Old Jun 14, 2012, 5:45pm   #263
 
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Re: learning to read price action with p/f charts

dentist007 started this thread spx 30 min
gettin ready to pop

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Old Jun 14, 2012, 5:55pm   #264
 
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Re: learning to read price action with p/f charts

dentist007 started this thread audusd
aussie dollar about to pump
4 hour data

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