Learning to read Price Action with P&F Charting

Dow futures
30 min data
shows the trends since reelection
nl7myx.gif
 
Quote from dentist007:

Dow futures
shows the trends since reelection
More...

Hi Dentist,

Can you (or anyone) explain how trendlines are determined? The most I can get is, "they're drawn at 45 degree angles." What determines where/when they are charted? when do they begin or end?

Thanks in advance.
 
hi yuvraj
price was in a downtrend
recoiled and could not take out resistance
victor
subjective trendlines

1.one box reversal...start at the bottom of the trend keep to the right side of semicatapults
or
connect reaction points
that is it
trendlines are the life and blood of p/f
 
goin to need some extra good news to aintain this intense uptrend on the dow
dow futures
5 min data
http://i48.tinypic.com/4zxhcw.gi
support /aqua lines currently sitting in 13575-1

[IMG]http://i48.tinypic.com/4zxhcw.gif3600 areaf[/IMG]
 
Thanks dentist007

now can you please tell what would make a high probability entry point in the below chart, point A which is a simple bullish breakout or point B which has cleared all resistances?

Snap42.png
 
go down a box size or time input
just look at the latest trend
put on thge trendlines to pick up support..there ...you have youre entries for trend continuation
thats it...no more to think about
 
2ykjsea.gif
non farm payrolls on friday
eurusd 60 min data
the trend that started on 13 november
we can make an supp/res map from this chart
trendline res/red at 3450 area
supports:
3385-3398..breakout point..thick horizontal green line
3370 area/aqua trendline
3350 area .previous breakout point..thin green line/horizontal...it has a confluence with aqua line.so could be important
also..there is 50% retrace of the high pole...sitting at 3410 area
if it pushes higher ,then we have to adjust these figures
lets see what next week brings
 
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