Learning to read Price Action with P&F Charting

eurusd hourly data
59 pips by 1 ..clse
a nice uptrend that started on 7th jan
will it breakdown ??

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Quote from moonie:

It seems I'm one of the few on ES that uses P&F charts. I use P&F charting for my longer-term trades, typically from 2 weeks to 3 months, but I've never attempted to use them for daytrading. Have any of you had success daytrading with P&F's???
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Been a while since I checked this thread, sorry for that :)

But yes, I use P&F charts for daytrading, try to take short moves in all possible futures available in the US. For example the NQ is very easy for daytrading, just look at the triple top breakouts, those are the ones you can trust the most. I also trade other patterns, but you have to be trained for them to see if they have a chance to work out or not.
 
Quote from EmotionBigEvel:

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:

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Made its targets and is moving to the 1.50 and higher!

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Here is the FTSE 100 with a 0.5%x3 waiting to make a triple top break!

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And here is the nikei 225 has made a nice retracement from the big drop but will soon consolidate and move back down again, with this kind of patterns you always see that after this retracement it will move down again, below the big down move, below the 8550. 0.5%x3
 
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