learning to read price action with p/f charts

as we head into non farm payrolls on friday..straight after 4th july holiday
looking at the dollar to see if any strengths or weakness happens
aussie dollar
2 hour data
why the aussie dollar....only one that shows a decent trend...eur and cable are too nervous
we watch this latest uptrend and the trendline areas for possible supp.note the black lines.that is where this trend could fail.breaks to new highs and we will follow this trend

hi mallaguti/john
reserved a table in a booth at slug and lettuce /kingston
sat 21st july ...3pm
it will seat up to 6 and their is a power outlet under the table for the laptop.they have wifi also

s&p 500 index
daily data
12 point box size by 3 reversal
close plot

s&p 500 index
hourly data
on another fake

fake?

Hi Dentist,

One chart I find interesting at the moment is the SPY:TLT ratio. This is a 1% percent chart with a 1 box reversal setting. Because of the inverse relationship between the S&P 500 and the 30 Year Treasuries, I find that this gives fairly good signals of when to be long the market and when to be short. I don't use this alone, but it's another tool.

Currently it's given it's first short term buy signal since it moved to the sell side a few months ago in April, and confirmed the move down in early May. I think the best signals on this particular chart is when it makes a trend line break so it's not there yet, but is getting closer.

thanks isa...good chart
u need to track that latest uptrend with some lines..for strength and weakness
plot the above resistances and see the reaction at those if it carries on moving up
better still.....if malaguti could post the same chart....but normalised relative strength....same box size 1% close with a look back period to say aug 2010
normalised rs cannot be plotted on stockcharts...but gives a better picture imho

Attached is the stockcharts chart going back to the beginning of 2008. I only look at the major trendlines personally as the breaks of those have done a fairly good job for the last four years. Going for quicker moves would have caused a lot of whipsawing, so I feel it's useful as a guide of major trend, but not for short term moves.