Best Thread learning to read price action with p/f charts

Dentalfloss

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59,065 3,566
nas 100 today
1 min plot
black elipse points to where the chart got bullish.market gapped up above the breakout area.carried on to res area.you can see consecutive rising lows and breakouts

 

Dentalfloss

Legendary member
59,065 3,566
a nice example on the dow
5 min data
a good area of support at the green line.play the bounces from the green line...then at the end,price action got bullish.then it popped at the yellow line to 10400 region
the next chart fomation is bearish...long columns up and down..indecision..downward columns with big retraces

 
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Dentalfloss

Legendary member
59,065 3,566
ok...so everyvbody getting the gist of what i am saying....
next thing,,,is what to look for when you think the trend might be reversing

a chart of the dow.
1 min data plot..we are in an uptrend.price got rejected at resistance.a minor downtrend has formed and we are in a midzone.does the uptrend continue or does the downtrend /minor continue
a tip i learnt from holygrail on elitetrader...wait for consecutive signals.ie another double-top or a triple-top to go long.many times you will see a double-top in a downtrend.we need reliability of the signal/a confirmation
we will see how this one plays out

 

Dentalfloss

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59,065 3,566
cannot update the chart..for some unknown reason,stockcharts server is down for me to day
good excuse to go and sit in the sunshine today
 

Dentalfloss

Legendary member
59,065 3,566
a trade on cable.put on today..
support showing nicely /black line.some nice bounces from the support area

 

Dentalfloss

Legendary member
59,065 3,566
and later on in the day,whilst i was out...i missed this one
the chart formation is called a bearish signal reversed.

 

Dentalfloss

Legendary member
59,065 3,566
10 minute\data for cable.the numbers are dates of the month
there is no timescale on these charts.we are looking at price chnge only
 

Dentalfloss

Legendary member
59,065 3,566
cable
hourly data..this is a one box reversal chart
s/r points are easily deined.
chart is bullish
 

Dentalfloss

Legendary member
59,065 3,566
a powerpoint presentation by jeremy duplessis of updata
unfortunately,this will not upload to thi site.if you want a copy,then email me.you might need to have powerpoint to look at it
dentist007@gmail.com

 
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