update on the previous chart
eurusd..hourly
38 pips by 3 hilo
a triangle formed
WHICH WAY WILL IT BREAK..??
eurusd..hourly
38 pips by 3 hilo
a triangle formed
WHICH WAY WILL IT BREAK..??
Learning to read Price Action with P&F Charting
- Thread starter HolyGrail
- Start date
a chart of eurusd
sentiment is bad for the euro.but we could be in a bounce zone
the bearish support line accoding to dr zieg the p/f technician,is drawn from the highest "X " in a column of "X" s.the "x" should be exposed.ie not covered by any X or O "s
so i have drawn 2 bearish support lines /green.one is about hit already.the lower should hit at parity and coincide with the downside vertical counts
daily data..100 pips box size by 3 reversal.hilo plot
so if this is right,then we might be in a major support area
sentiment is bad for the euro.but we could be in a bounce zone
the bearish support line accoding to dr zieg the p/f technician,is drawn from the highest "X " in a column of "X" s.the "x" should be exposed.ie not covered by any X or O "s
so i have drawn 2 bearish support lines /green.one is about hit already.the lower should hit at parity and coincide with the downside vertical counts
daily data..100 pips box size by 3 reversal.hilo plot
so if this is right,then we might be in a major support area
tolan
the eod data can be close or hilo
same with hourly /10/1 min
the software can plot either the close reading only.or hilo
i look at both..i am trying to find which chart for that data series can give me some form of understanding to what is happening with the price action.
there is overlap when looking at p/f charts,when changing box sizes with different time inputs.so you just learn to ignore the ones that tell you nothing new
i hope this explains it
Hiya Dentist007,
keep them up i like following your forex charts,
quick question
i see that you use High/Low Data, What is your take on the High/Low vs. EOD Data based on your trading experience
Thanks a bunch,
Totantaz [/QUOTE]
the eod data can be close or hilo
same with hourly /10/1 min
the software can plot either the close reading only.or hilo
i look at both..i am trying to find which chart for that data series can give me some form of understanding to what is happening with the price action.
there is overlap when looking at p/f charts,when changing box sizes with different time inputs.so you just learn to ignore the ones that tell you nothing new
i hope this explains it
Hiya Dentist007,
keep them up i like following your forex charts,
quick question
i see that you use High/Low Data, What is your take on the High/Low vs. EOD Data based on your trading experience
Thanks a bunch,
Totantaz [/QUOTE]
tolan.i forgot to add something.the data comes in and has 4 values:
open
high
low
close
and volume
the software will either read the hilo data and plot the chart or it will read the close only and plot the chart.it does not matter if it is eod,hourly,10 min or 1 min
the box size is input,with the reversal size.
hence you will see charts with very long columns or very short ones.then you have to go to work to get them to what you think is the correct size
open
high
low
close
and volume
the software will either read the hilo data and plot the chart or it will read the close only and plot the chart.it does not matter if it is eod,hourly,10 min or 1 min
the box size is input,with the reversal size.
hence you will see charts with very long columns or very short ones.then you have to go to work to get them to what you think is the correct size
a diiferent box size..50 pips by 3 reversal.daily
close data.there is a bearish support line.showing 1.1880 area
lets see how well dr.zieg"s method works
close data.there is a bearish support line.showing 1.1880 area
lets see how well dr.zieg"s method works
update on the nas 100 /hourly
16 by 3
uptrendis still intact..just
range is getting squeezed.could be a big pop soon.between the two black horizontal lines 1840 area is where it gets interesting
approx 13 months of data here
16 by 3
uptrendis still intact..just
range is getting squeezed.could be a big pop soon.between the two black horizontal lines 1840 area is where it gets interesting
approx 13 months of data here
euro watching.1.1880 was the support area.good old dr.zieg !!
eurusd.hourly.approx 4 months of chart data
33 pips by 3.hilo plot
lets see what happens between the green lines.the lower trendline/green has been drawn.in p/f you can draw a trendline if you think a top/bottom has been made.plenty of overhead resistance.the low pole just about been taken out.so there could be some strength....short term
eurusd.hourly.approx 4 months of chart data
33 pips by 3.hilo plot
lets see what happens between the green lines.the lower trendline/green has been drawn.in p/f you can draw a trendline if you think a top/bottom has been made.plenty of overhead resistance.the low pole just about been taken out.so there could be some strength....short term
ftse 100..in the uk market,there looks to be a change in trend.aa new short term uptrend has started/green line.need to se price stay above it.res areas are the downtrend lines
10 min data.a high-ish box size/30 points by 3 reversal
close plot
too early to say if it has any meat..lets see what happens
no bias change seen in us indices at present
10 min data.a high-ish box size/30 points by 3 reversal
close plot
too early to say if it has any meat..lets see what happens
no bias change seen in us indices at present
no stock market rally just yet
there is a mass of resistance 2 boxes away.1.2180-1.2240
hourly eurusd 21 pips by 3 close.data is from 28 april 2010
there is a mass of resistance 2 boxes away.1.2180-1.2240
hourly eurusd 21 pips by 3 close.data is from 28 april 2010