eurusd
price\at support
lets see what the reaction is aound the uptrend line
price\at support
lets see what the reaction is aound the uptrend line
Learning to read Price Action with P&F Charting
- Thread starter HolyGrail
- Start date
Hi there dentist007, I was wondering what your leverage was considering your box size is 70 points?
A 3 point reversal P&F would be 210 points, and with 100:1 leverage thats over double your positon?
Would you use 20:1 leverage to trade FOREX P&F? Or is my observation wrong here?
I was considering using P&F for forex because the S/R is wide, but flawless otherwise,but with a box size of 20 points.
Thanks
A 3 point reversal P&F would be 210 points, and with 100:1 leverage thats over double your positon?
Would you use 20:1 leverage to trade FOREX P&F? Or is my observation wrong here?
I was considering using P&F for forex because the S/R is wide, but flawless otherwise,but with a box size of 20 points.
Thanks
100:1 leverage
so, on a mini contract the margin is $100,and each pip is worth $1
ordinary contract,margin $1000,and each pip is $10
i trade 5 mini"s
but...the charts i post are just for interest.the signals on daytrading are from 2 box reversal..hilo plot
2 box shows up s/r better on intraday,and allows the stops to be closer...1 box hilo..the charts are too wide
200 pips/day is easily achievable
i have increased the $ amount for each pip,but found more success on smaller pip amount
so, on a mini contract the margin is $100,and each pip is worth $1
ordinary contract,margin $1000,and each pip is $10
i trade 5 mini"s
but...the charts i post are just for interest.the signals on daytrading are from 2 box reversal..hilo plot
2 box shows up s/r better on intraday,and allows the stops to be closer...1 box hilo..the charts are too wide
200 pips/day is easily achievable
i have increased the $ amount for each pip,but found more success on smaller pip amount
eurusd looking a bit stronger.possible breakout brewing
daily data input 55 pips by 1 reversal.close plot
above this is resistance
a close above 1.3365 makes this chart bullish......however, 1.3475 area is a start of a new resistance zone that goes to 3650.zone is marked..black lines/dotted.this is false breakout territory.i have put on a couple of trendlines to see where strength/weakness could lie
daily data input 55 pips by 1 reversal.close plot
above this is resistance
a close above 1.3365 makes this chart bullish......however, 1.3475 area is a start of a new resistance zone that goes to 3650.zone is marked..black lines/dotted.this is false breakout territory.i have put on a couple of trendlines to see where strength/weakness could lie
this chart gives a better veiw
67 pips by 1 close..daily input
1.3400 is resistance.however,the death zone starts at 1.3460 area,uneless there is bad news with the dollar
67 pips by 1 close..daily input
1.3400 is resistance.however,the death zone starts at 1.3460 area,uneless there is bad news with the dollar
eurusd...bulls still in control
3 weeks of data
36 pips by 1 reversal.close plot
10 min data input
3 weeks of data
36 pips by 1 reversal.close plot
10 min data input
an excellent week looming.hopefully lots of voatility
bulls in control/short term.however,look what faces them
daily data input,50 pip box size by 1 reversal.
close plot
bulls in control/short term.however,look what faces them
daily data input,50 pip box size by 1 reversal.
close plot
eurusd...too early to tell which way it is going
45 pips by 1 revesal.hilo.daily data
45 pips by 1 revesal.hilo.daily data
eurusd..a closer look at the potential breakdown scenario
hourly data input
37 pips by 1 reversal..close plot,this removes some of the noise
supp areas /potential
1.3580
1.3500
1.3430...this is a major one
lets see if the egyptian riots strengthen the dollar
hourly data input
37 pips by 1 reversal..close plot,this removes some of the noise
supp areas /potential
1.3580
1.3500
1.3430...this is a major one
lets see if the egyptian riots strengthen the dollar
Dear Dentist, on a little bigger box size you see a clear trend within the EURUSD.
This chart has a box size of 0.5 procent and shows a clear trend up to the 1.4160 after which we will probably see a small pull back after which it will move up (very high probability) to (big guess) 1.45 or higher:
This chart has a box size of 0.5 procent and shows a clear trend up to the 1.4160 after which we will probably see a small pull back after which it will move up (very high probability) to (big guess) 1.45 or higher: