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

[Dentalfloss]

yes
you should export the data to a file
then it can read it
abnash singh also can help you

 

[praveen98]

yes
you should export the data to a file
then it can read it
abnash singh also can help you

hi dentist 007,
Thank you for the help ...how can i contact abnash singh ? Have you tried BEB5 or heard any feed back about its performance?
Regards,
praveen

 

[Dentalfloss]

eurusd 4 hour
trend support
but we got the fake aswell

 

[Dentalfloss]

eurusd daily#
goin nowhrere..but testin support in an uptrend
60 pips by 2 reversal/close plot

 

[Dentalfloss]

eurusd daily data
after the fake it has regrouped
horizontal res/breakout going to be met with trend res

 

[Dentalfloss]

aapl 4 hour
trend support is $500 area

 

[Dentalfloss]

aussie dollar
audusd 60 min
no real sign of support as yet

 

[Dentalfloss]

gbpusd/cable
60 min data over the last 3 months
needs to pop 1.6300 area

 

[malaguti]

gbpusd/cable
60 min data over the last 3 months
needs to pop 1.6300 area

60 minute on a 0.2% box size..
on a serious note, ATR box sizes. Updata doesn't plot them at all, have you ever used them?

 

[Dentalfloss]

never used atr boxes
acoording to the holy bible/ 2nd edition they are not liked

the book says
the more the volatility the larger the box size to reduce column lengths
so dont base the box size according to standard dev/atr etc etc
you want to see the volatility as it is not constant
sounds pretty reasonable argument
makes stockcharts look grungy

 

[malaguti]

never used atr boxes
acoording to the holy bible/ 2nd edition they are not liked

the book says
the more the volatility the larger the box size to reduce column lengths
so dont base the box size according to standard dev/atr etc etc
you want to see the volatility as it is not constant
sounds pretty reasonable argument
makes stockcharts look grungy

I figured, seems perfectly logical, the ATR is always changing. %ge is my favourite anyway, unless its short term. Cheers mate

 

[Dentalfloss]

some trends in cable over November
4 hour data
2 trends ..the latest gets tested at 1.6300 area
we either break higher or test the trend or possibly horizontal support

 

[Dentalfloss]

eurusd has been a bit wild over the last few months
very short lived trends
so we have gone down to the latest trend on 30 min
started on 21st november
12 pips by 2 reversal
hilo plot
the trend gets tested at 1.3570 area
plenty of dollar news this week including nfp

 

[Dentalfloss]

then...
we can narrow the plot area by going to close plot
we can then expose the underneath supports
trend supp at 1.3560 area
there are horizontal supports aswell which are easily seen
so..we break higher or test s
horizontal and trend supports
same box size and reversal

 

[Dentalfloss]

aussie dollar 60 min
res could get taken out
numbers are dates
35 pips by 1 reversal/close

 

[Dentalfloss]

spot oil 60 min
22 cents by 1 reversal/close
a bull trap...or a new minor downtrend
trend res/red at 98.10 area
horizontal supp/purple 97.20 and 96.80 areas
trend supp at 96.40 area
trend cluster at 96.14 area
it really has to stay above $96.00
95.30 was prev breakout area/red

so.....
now we have a good handle on what can happen...no surprises
if it breaks higher then we have 98.70 horizontal/prev res
99.40 trend res from 4 hour/posted on the spot oil thread
and 100 res
if it breaks downwards...we know where we are going to trade from

 

[Dentalfloss]

here is the 4 hour showing the res areas

 

[Dentalfloss]

update on that minor downtrend in spot oil
15 min10 cents box size by 2 reversal
close plot
minor supp being tested
trend res at 97.40 area/purple

 

[Dentalfloss]

cable
gbpusd 4 hour
hit a brick wall
we are watching the other side of the latest pattern to see if it breaks down and tests the downside
prev breakout is 1.6200 area
trend supp is 1.6155 area
thinking that it is waiting for fomc on wednesday for the decision to either break up or down

 

[Dentalfloss]

eurusd 4 hour
at horizontal resistance
the latest breakout from purple horizontal looks overstretched/a pole.The 50% area is marked at 1.3650 area.Orange horizontal
So..we either break higher and take out that horizontal or we could retrace and test that 50% area