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 merry christmas and a very profitable 2013 Festive greetings to you too buddy. Thanks for all ...

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Old Dec 18, 2012, 10:40am   #511
 
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Re: learning to read price action with p/f charts

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merry christmas and a very profitable 2013
Festive greetings to you too buddy. Thanks for all your guidance this past year.
Have a great new year too
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Old Dec 26, 2012, 7:38pm   #512
 
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Re: learning to read price action with p/f charts

dentist007 started this thread hi malaguti
hope you had a good christmas
and all others...a good one/ hopefully
dow fututures 15 min
first chart...a break of trend
second chart..possible supp area 13020 ish
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Old Dec 26, 2012, 8:04pm   #513
 
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Re: learning to read price action with p/f charts

dentist007 started this thread apologies...a slight miscalculation
we are in a possible bounce area
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Old Dec 26, 2012, 9:17pm   #514
 
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Re: learning to read price action with p/f charts

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apologies...a slight miscalculation
we are in a possible bounce area
A great xmas cheers mate. here's to another successful year
S&P also coming into suport, typically from here we've had 30 point or so rises
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Old Dec 29, 2012, 6:59pm   #515
 
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Re: learning to read price action with p/f charts

dentist007 started this thread hi malaguti
yes a good xmas
and we will have a very profitable 2013 also
lets get back to work

the mother of all indices
live intraday data

dollar index 30 min data
see that downtrend that started on 16 nov...remember that stocks move inversely to dollar index
see the move upwards and now testing resistance
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Old Dec 29, 2012, 7:31pm   #516
 
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Re: learning to read price action with p/f charts

dentist007 started this thread dxy
a closer look at those trends
15 min
we watch the green trendline..in case it was a fake move
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Old Dec 30, 2012, 6:42pm   #517
 
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Re: learning to read price action with p/f charts

dentist007 started this thread hi malaguti
and any others who trade spx
well,we got some wild price action
so the 5 min s&p futures
we can see horizontal supp at 1400 area and 1380 area
but a mass of res in 1416 area
so...we could get a fake move either to 1380 or 1416 areas..thinking that the bulls might get tested..but could go either way....
any thoughts ????????????


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Old Dec 30, 2012, 6:53pm   #518
 
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Re: learning to read price action with p/f charts

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Originally Posted by dentist007 View Post
hi malaguti
and any others who trade spx
well,we got some wild price action
so the 5 min s&p futures
we can see horizontal supp at 1400 area and 1380 area
but a mass of res in 1416 area
so...we could get a fake move either to 1380 or 1416 areas..thinking that the bulls might get tested..but could go either way....
any thoughts ????????????
Your data is incomplete. The ES gaped lower and traded down for the final hour and 15 mins on Friday night after the US close down to 1382.25, and then closed at 1384. So will be an interesting open tonight. See the CME for the complete data: E-mini S&P 500 and attached is a prorealtime chart that includes the full data.

[EDIT] In fact it's already having some pre-trading movement from somewhere and is up 4.5 as I type to 1388.5
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Old Dec 30, 2012, 10:31pm   #519
 
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Re: learning to read price action with p/f charts

dentist007 started this thread isa
thanks for that
i will have to watch more carefully the closing data
nearly all the time it is bang on to the penny
my close was 9pm uk time
anyway,on my travels,something interesting was posted by underground trader..
he is saying that there will be downgrades on the dollar by ratings agencies,possibly during jan/feb as the debt ceiling deadline looms..dxy needs to be watched very carefully..imho
any veiws ??
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Old Jan 2, 2013, 10:39pm   #520
 
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Re: learning to read price action with p/f charts

dentist007 started this thread dollar index 30 min data
the real big res is in 80.10 area...imho

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Old Jan 6, 2013, 11:40am   #521
 
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Re: learning to read price action with p/f charts

dentist007 started this thread dollar index 30 min data
shows the trends since mid november
supports since fiscal cliff / fomc in green

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Old Jan 6, 2013, 1:52pm   #522
 
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Re: learning to read price action with p/f charts

dentist007 started this thread dxy 60 min
a big supp area /possibly at 80.25 area...green trendline cluster
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Old Jan 7, 2013, 6:43pm   #523
 
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Re: learning to read price action with p/f charts

dentist007 started this thread 80.25 area hit
the aqua line is at 79.90
so we need to stay above 80 ish
otherwise we got a fake dollar rally
keep an eye on that downtrend on dxy in case it turns upwards
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Old Jan 9, 2013, 2:43pm   #524
 
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Re: learning to read price action with p/f charts

dentist007 started this thread hi malaguti
lloy pumpin well for you
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Old Jan 9, 2013, 2:45pm   #525
 
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Re: learning to read price action with p/f charts

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hi malaguti
lloy pumpin well for you
60% on my entry so far..
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