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

[Dentalfloss]

eurusd
update to our 4 hour chart
in the 50% zone
a real tender spot

 

[Dentalfloss]

a closer look at the latest down move on eurusd
30 min data
support seems to be holding at 1.3650 area
a bull test will come at 1.3700 area prev supp/aqua and trendline/red
or..we break lower

 

[Dentalfloss]

gbpusd/cable
4 hour
a test of trend in 1.6250 area/green trendline
trend res/red at 1.6420 area
21 pips by 3 reversal
hilo plot
lets see what happens

 

[Dentalfloss]

eurusd 4 hour
a test of trend and a bounce
res is at 1.3730 area

 

[Dentalfloss]

eurjpy 4 hour data
there is a very tender spot at 143 area
why ??
1.prev break
2 trend supp/subjective
bulls need to get tested there

 

[Dentalfloss]

spot oil 60 min

triangle ready to pop

 

[Dentalfloss]

eurusd daily
40 pips by 3 reversal hilo plot
shows horizontal res
trend res at 3760/red
trend supp at 3560 area/green
things start to get nasty at break of 3520 area..a double bottom in orange horizontal area

now if we go to same box size but 1 reversal and close plot
we can see the horizontal supp at 1.3600
trend and prev breakout point at 1.3520 area
also 1.3560 is beginning of trend supp
1.3800 horizontal res shows nicely

 

[Dentalfloss]

cable/gbpusd just before retail sales news
price had been pushed down to horizontal and trend supp
1.6458 res/red
price shot up to this level when news announced

there is na possible vertical count that might get activated at a test of 1.6300 area

 

[Dentalfloss]

aussie dollar gettin hammered
well....more hammering or a test of res
so..first port of call... TEST OF PREV SUPPin 8850 area/purple horizontal line/a prev breakout point
audusd 60 min shows the downtrend since october 2013
35 pips by 2 reversal..close plot
lets see what happens

 

[Dentalfloss]

gbpjpy 60 min data showing the latest uptrend
testing trend res now
lots of horizontal supp and res on lower box sizes
we are looking at the bigger picture to see if there is weakness in gbp
we dont make forecasts ..just track the price

 

[Dentalfloss]

spx futures 60 min
either ..we break higher..or there is a real sweet spot underneath/prev breakout point 1813 area
trend supp and horizontal aswell

 

[BSD]

Great thread mate, I've always liked the uncluttered charts that only take price movement into account.

 

[Dentalfloss]

spx futures
same box size...but changed the reversal to 2 from 1
hourly close

we mentioned the sweet spot..we are now in that area.need to below
trend supp at 1799 area if 1813 area fails

 

[Dentalfloss]

update to our spx futures chart
lol..that support did not last long
another sweet spot underneath at 1764 area brewing

 

[Dentalfloss]

be careful with cable shorts

 

[Dentalfloss]

eurusd approaching a big bull test
prev breakout point and trend support
1.3420 area down to 1.3380
1.3600 res
daily data

enjoy the superbowl

 

[Dentalfloss]

well.that supp on cable did not last long on cable ...lol

 

[Dentalfloss]

cable for next few days
we can see from 4 hour that price bounced off horizontal support

we can now look close in on 30 min
the bounce off support and now facing res from an internal trendline with the main trend res above

 

[Dentalfloss]

apple 30min
in a sensitive zone

 

[Dentalfloss]

cable ..gbpusd
a nice short signal generated this morning
missed it
did not wake up early enough