Learning to read Price Action with P&F Charting

ammo
ok
i see where you are coming from
in p/f we dont anticipate any levelsd
we are analysing the trend
the trend only..and that is why we have to identify each individual trend and and look at it with p/f box es and different reversals
 
we want to optimise the chart to get the most information about the trennd
so
we must draw subjective trendlines
on 1 box..on the right hand side of semi catapults
or fro reaction points
we then have a trendline
45 deg are too clumsy for trading..
same with 3 box reversal
so..
1.we dont want the columns too long
2.we dont want the chart too wide
we only load 1-3 trend
each individual trend has its own range volatility
so a different plot nearly for each trend

we want the trendlines near the price to analyse the trend..hence 45 deg can be too clumsy
 
basically
when the trend ends it must get supported or it wiull reverse
no more
we are defining the trends in boxes and reversals
hence we need a few charts open to see where price is actually going
a reversal means a change in trend
we can pick that up by seeing trendlines on different box sizes being taken out
that is it
n
 
Quote from dentist007:

basically
when the trend ends it must get supported or it wiull reverse
no more
we are defining the trends in boxes and reversals
hence we need a few charts open to see where price is actually going
a reversal means a change in trend
we can pick that up by seeing trendlines on different box sizes being taken out
that is it
n
More...
, good way to look at it
 
well...the trend ended on eurusd on the 30 min we posted yesterday
a slightly bigger picture
2 hour data
lets see if these supp levels hold goin into nfp yomorrow
9ldbp0.gif
 
You must log in or register to reply here.
Back
Top