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

[Dentalfloss]

eurusd...tracking the latest downtrend
30 min data
7 pip box size by 1 reversal
hilo plot
the purple downtrend line needs to be taken out...then markets could really start to think about a rally
imho

 

[fitzgeral]

I don't understand the graphically presentation can you help me to the process of that work?

 

[fitzgeral]

through big capital we make big money when capital increase then the profit is also increase so the money is automatically increase.

 

[malaguti]

I don't understand the graphically presentation can you help me to the process of that work?

Hi Fitzgeral, you may want to start at the beginning of the thread, where Dentist spends a great deal on the explanation of Point&Figure charts and its interpretation.
You will learn alot I assure you, and hopefully gain in its continued use

 

[Dentalfloss]

well...the fake we spokje about 2 weeks ago on s&p 500 played out nicely
a fake ...a head fake is an unsupported breakout..ie a high pole in p/f terminology
now we could be in for a bounce
eurusd 4 hour data

 

[Dentalfloss]

correction
daily data input
26 pips by 1 reversal

 

[Dentalfloss]

a closer look at the final down move on 30 min data
looks like that down move has been taken out
a bounce and some overhead res at 2260 area
lets see if this bounce is a fake before another move down

 

[Dentalfloss]

s&p 500 index
4 hour data
11 points by 1 reversal
a nice orderly uptrend that started on 4 june

 

[Dentalfloss]

spx 2 hour data
if you think this market will tank....then it has to get past this trendline cluster/main supp area
currently showing 1330 area of support
7.2 points box size by 2 reversal

 

[Dentalfloss]

eurusd daily
showing all the trends over the last year
note the last move down/light blue line...now we might have some recoil from that intense move...could be good for stocks with a weaker dollar

 

[Dentalfloss]

trackin this uptrend in the aussie dollar..the carry trade
stuck at res ..but uptrend looks good
strong supp in the light blue liens area
54 pips by 1 reversal
daily data

 

[Dentalfloss]

stock markets cannot really rally any further until that res zone is taken out
1.0422-1.0478
basically,it has to stay above 1.0500
if it fails..then big supp at 1.0250 region
we are in for a bumpy ride until those areas are sorted
add in eurozone volatility
so, we will have some great conditions for putting on trades
dax will get even wilder
look out foir those fakes...and trade them

 

[Dentalfloss]

an unsupported break on spx/15 min

 

[malaguti]

One for the English amongst us..get with the Olympics dentist!
FTSE 60 minute

 

[Dentalfloss]

Hi Malaguti
7 by 1 hilo
welcome to the loony bin !!!
lol
can you post the 15 min

 

[malaguti]

Hi Malaguti
7 by 1 hilo
welcome to the loony bin !!!

I feel liberated!!

here's the 15min but the box seems to lend itself better to other box settings. The first being the 7 x 1, but the 7 x 2 seems to work

 

[Dentalfloss]

Hi Malaguti
many thanks..good charts
you are a certified madman
certificate will be posted
keep them charts comin
thnks again

 

[malaguti]

One I've been keeping a close eye on. Evraz has not had a buy signal since its down trend from the highs in February'12. Recently we've had one and now quite possibly we may have another where the green line is drawn. Initial targets of 435 (410 from the close chart)

 

[Dentalfloss]

Hi Malaguti
good stuff
so lets look at the latest uptrend
need to see 2p by 1 reversal
30 min close
we only want to see that uptrend with supp levels and maybe any horizontal counts
need to see the reaction in the 300p region to see if it can break it.that looks to be a major res area from the chart you posted
lets also see the 60 min and a different box/reversal if you think there is anything you have seen
that long upthrust column/the latest looks to have potential to break 300p
does that make sense ????

 

[Dentalfloss]

forgot..
any good patterns emerging on 30 min close ?? one box reversal,or any triangles on 2/3 box ??
that are about to break upwards
on the 3 box daily,close,you should be able to pinpoint that big res area
so any trade will have the target as that big res,then a new trade once that res area is being or has been resolved
imho