learning to read price action with p/f charts

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Old Dec 4, 2011, 11:41am   #121
 
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Re: learning to read price action with p/f charts

dentist007 started this thread then if we look at the same chart...1 box reversal
we get a nice trading signal to go short
the 1 box horizontal count target was hit

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Old Dec 4, 2011, 3:32pm   #122
 
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Re: learning to read price action with p/f charts

dentist007 started this thread eurusd
10 minute dat29 pips by 1 reversal
support areas are shown in green,horizontal lines
resistance ..red horizontal lines
approx 3 weeks of data
you can make a healthy income trading from those pivots


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Old Dec 8, 2011, 4:04pm   #123
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Re: learning to read price action with p/f charts

Hi Dentist,
Great thread & thanks for the tip on the du plessis book.
I use etxcapital (it-finance charts), but I think they are incorrect.
Wondered if anyone else had noticed? and/or agree with me?
If you look at the screenshot below, the high of the 14:25 candlestick bar is 1256.6
The P&F is 0.5x3 (5m H-L range), but the highest X column is 1255.5 - 2 Xs missing?
Actually I think there are quite a few columns missing.
What do you think?

Has anyone found problems with ETX and/or IT-Finance charts?

(or have I made a mistake in how I think P&F charts are constructed??)

Cheers
Padnoter
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Old Dec 11, 2011, 11:06am   #124
 
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Re: learning to read price action with p/f charts

dentist007 started this thread dont bother with it-finance p/f charts
if u want to get serious then get bullseye $99 one off payment.data is free
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Old Dec 11, 2011, 10:40pm   #125
 
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Re: learning to read price action with p/f charts

dentist007 started this thread S &P 500 index
30 minute data
4.00 points by 1 reversal..close
care with shorts
a bullish chart.good support at those double trendlines

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Old Dec 11, 2011, 10:55pm   #126
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Re: learning to read price action with p/f charts

Quote:
Originally Posted by dentist007 View Post
dont bother with it-finance p/f charts
if u want to get serious then get bullseye $99 one off payment.data is free
thanks for the reply.
looks good, but i'm not on windows (ubuntu), and couldn't see an easy realtime data feed option (tho' i can see V5beta does?).

When you said "data is free" - did you mean EOD yahoo type?
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Old Dec 12, 2011, 6:49pm   #127
 
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Re: learning to read price action with p/f charts

dentist007 started this thread
Quote:
Originally Posted by padnoter View Post
thanks for the reply.
looks good, but i'm not on windows (ubuntu), and couldn't see an easy realtime data feed option (tho' i can see V5beta does?).

When you said "data is free" - did you mean EOD yahoo type?
data is free either from yahoo or freestockcharts.com,or dukascopy
also you can export data from quotetracker
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Old Dec 18, 2011, 11:47am   #128
 
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Re: learning to read price action with p/f charts

dentist007 started this thread an update on the chart that was posted last weekend
price broke down from the double trendline support.down to to the next trendline supp area.then a minor rally ,possibly for option expiration last friday

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Old Dec 18, 2011, 11:53am   #129
 
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Re: learning to read price action with p/f charts

dentist007 started this thread same data input
3.50 by 2 shows price action more clearly
note res area at 1240
santa rally has to break this first

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Old Dec 18, 2011, 12:36pm   #130
 
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Re: learning to read price action with p/f charts

dentist007 started this thread eurusd
120 min data
latest down move has not retraced up to 50% as yet

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Old Dec 26, 2011, 10:14pm   #131
 
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Re: learning to read price action with p/f charts

dentist007 started this thread s 500 index
30 min data
2.50 points by 3 reversal....close
the latest break from 1240 has not retraced/the latest upthrust is unsupported as yet and is in a res zone
so 1255 is the 50% zone if the bulls fail

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Old Jan 6, 2012, 7:38pm   #132
 
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Re: learning to read price action with p/f charts

dentist007 started this thread s500 index
30 min resistance
an upside break or a failure at resistance
nfp failed to take it higher
so lets see


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Old Jan 6, 2012, 7:58pm   #133
 
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Re: learning to read price action with p/f charts

dentist007 started this thread eurusd
4 hourly data
28 pips by 1 reversal...close
we can see the nice downtrend since beginning of november
has it made a bottom ????
the latest pole/low...the 50% area is approx 2800 area.
otherwise down we go on break of 2700 area

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Old Jan 7, 2012, 11:27pm   #134
 
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Re: learning to read price action with p/f charts

dentist007 started this thread eurusd 4 hour data
oversold ??
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Old Jan 8, 2012, 11:53am   #135
 
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Re: learning to read price action with p/f charts

dentist007 started this thread now...we want to see if eurusd is possibly starting a rally
10 min data
10 pips by 1 reversal

note..there was a trap before nfp.market rallied higher before nfp.then broke after nfp..green line
th last signal was bullish/blue line.a recoilresistance starts at the lowest internal trend line approx 1.2750
so price has to stay above 1.2750 area to mintain some sort of bullish action
imho

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