learning to read price action with p/f charts

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Old Jul 12, 2010, 12:21am   #91
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Re: learning to read price action with p/f charts

Impressive knowledgeable posts. Thanks a lot.
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Old Jul 12, 2010, 7:38am   #92
 
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Re: learning to read price action with p/f charts

dentist007 started this thread p/f .there is very little to be learnt..one or two books needed
takes a little practice ,and a charting package the plots the boxes correctly
no more needed
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Old Jul 18, 2010, 9:51pm   #93
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Re: learning to read price action with p/f charts

Hello DT007

I would like to know your view on this one. It has broken last major resistance & made triple top buy signal or I have to wait for retracement upto last support line to initiate longs??

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Old Jul 19, 2010, 1:19pm   #94
 
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Re: learning to read price action with p/f charts

dentist007 started this thread ok taq..no problem
it is a bullish chart,yes a triple-top breakout
risk/reward is calling the shots
1.do you buy the breakout ?
2.do you wait for the pullback into the pattern and then buy the next break.the risk in this case is lowe,but the reward is also lower.
it is a bullish pattern,plenty of white space between the up columns
however,one big thing you missed out.we need to know where the next resistance area on this chart is .? the chart does not have enough columns to go back to find out where that is.we need to see the previous downtrend.with 45 degree trendlines and internals to make an assumption.ths could be near of far away
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Old Jul 19, 2010, 6:33pm   #95
 
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Re: learning to read price action with p/f charts

dentist007 started this thread taq..youre chart looks to be the nifty.so no reistances from previous downtrend to be seen

nifty chart
daily data
100 by 3 hilo

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Old Jul 19, 2010, 6:43pm   #96
 
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Re: learning to read price action with p/f charts

dentist007 started this thread risk is quite high on the chart you have shown.the stop sghould be at a minimum of 1 box below the lowest "o".what made it more bullish ws that there was a double-top just before the triple-top breakout.that would have been the ideal entry as the stop was only 4 boxes away.not happy about youre channel lines.kermit zieg has a book on p/f.you can read it free on google.if you go to 1 box/wyckoff.it might show up s/r areas more clearly
hope this helps



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Originally Posted by taq View Post
Hello DT007

I would like to know your view on this one. It has broken last major resistance & made triple top buy signal or I have to wait for retracement upto last support line to initiate longs??

Click the image to open in full size.


Regards,
TAQ
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Old Jul 19, 2010, 7:11pm   #97
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Re: learning to read price action with p/f charts

Thanks a lot for your reply . I am reading that book & it needs a lot of practice & probably post my charts soon .
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Old Jul 20, 2010, 6:57pm   #98
 
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Re: learning to read price action with p/f charts

dentist007 started this thread a minor top forming in eurusd.there is a potential downside count /black line
eurusd.10 min data.17 pips by 3 reversal.hilo plot
1.2400 is the downside count area

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Old Jul 21, 2010, 9:19pm   #99
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Re: learning to read price action with p/f charts

Hello dentist
I would like to know your reasoning behind using 17*3 boxsize ???
Any views on other pairs UJ & NU?
I would also like to know if you are trading GJ what box size you are using ?

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Old Jul 22, 2010, 7:12am   #100
 
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Re: learning to read price action with p/f charts

dentist007 started this thread 17 by 3 at the time i looked was the best box size to show that eurusd might breakdown.on other days ,it can be different box sizes



Quote:
Originally Posted by taq View Post
Hello dentist
I would like to know your reasoning behind using 17*3 boxsize ???
Any views on other pairs UJ & NU?
I would also like to know if you are trading GJ what box size you are using ?

Regards,
TAQ
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Old Jul 25, 2010, 7:54am   #101
 
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Re: learning to read price action with p/f charts

dentist007 started this thread care needed with the stock rally that is being talked about
dollar index 0.35 by 3 hilo.daily data input
there is a test of a major trendline,but no signal ie.double-bottom that is needed to show a proper break of trend.one more "O " is needed

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Old Jul 27, 2010, 6:17pm   #102
 
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Re: learning to read price action with p/f charts

dentist007 started this thread eurusd.
21 pips by 3 ..hourly hilo
either we break out or we get a failed signal,support is near now.if that goes,stocks break down to next supp level
eurusd.
21 pips by 3 ..hourly hilo
either we break out or we get a failed signal,support is near now.if that goes,stocks break down to next supp level
eurusd.
21 pips by 3 ..hourly hilo
either we break out or we get a failed signal,support is near now.if that goes,stocks break down to next supp level
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Old Aug 16, 2010, 7:44pm   #103
 
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Re: learning to read price action with p/f charts

dentist007 started this thread ftse 100
hourly close data.this takes out some of the noise
broken a minor downtrend.pulled back to support and bounced.lets see if it holds
15 points by 3 close ..hourly

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Old Aug 16, 2010, 7:48pm   #104
 
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Re: learning to read price action with p/f charts

dentist007 started this thread if anybody is thinking that markets will crash....then think hard..look at this chart of the nas 100
10 points box size by 3 reversal
close data...daily plot

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Old Aug 16, 2010, 7:50pm   #105
 
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Re: learning to read price action with p/f charts

dentist007 started this thread an intermediate downtrend in a massive uptrend..loads of support at the confluence of green trend lines.this is the price action and not change in price over time/candlesticks
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