got a target now on dollar index etf..udn
10 min data plot
10 min data plot
Learning to read Price Action with P&F Charting
- Thread starter HolyGrail
- Start date
Hey dentist, what did you base your 27.9 target on?
3 box vertical count
dorseywright.com explains this
dollar...no evidence as yet that it is going to rally
udn.dollar bearish etf
daily data
6 months data.
0.07 by 3 reversal
at support now
udn.dollar bearish etf
daily data
6 months data.
0.07 by 3 reversal
at support now
trap zone/red box area
possible bull trap.so we could get upward movement
possible bull trap.so we could get upward movement
a closer look at the uptrend.this is not broken as yet..green line.there is a downside vertical count that is active/purple
lets see what happens next..will the dollar rally and send the indexes down..??
lets see what happens next..will the dollar rally and send the indexes down..??
Hey dentist are your trading UDN directly both long and short? Or are you alternating between UDN and UUP (the corresponding bull fund)?
no.not trading it.i trade the ftse 100 index.
the dollar has been calling all the shots since march.so,i follow udn and uup
the dollar has been calling all the shots since march.so,i follow udn and uup
I am getting more and more interested in Point and figure trading
found this free book "The Point and Figure Method of Anticipating Stock Price Movement" written by Victor Devilliers
http://book.pointandfigure.com
It is a good read and gives good basic understanding of point and figure method and point and figure charts.
found this free book "The Point and Figure Method of Anticipating Stock Price Movement" written by Victor Devilliers
http://book.pointandfigure.com
It is a good read and gives good basic understanding of point and figure method and point and figure charts.
My problem with PnF charting is that the bread-and-butter buy and sell signals appear nearly at random.
Bottom line: PnF, in and of itself, offers no better than coin-toss odds for success. I understand that the technique is enjoying a quasi-religious revival in some circles but methinks the emperor wears no clothes.
Some may find it helpful as a trend filter but, for heavens sake, don't play in the traffic using PnF alone! :eek:
Bottom line: PnF, in and of itself, offers no better than coin-toss odds for success. I understand that the technique is enjoying a quasi-religious revival in some circles but methinks the emperor wears no clothes.
Some may find it helpful as a trend filter but, for heavens sake, don't play in the traffic using PnF alone! :eek: