Learning to read Price Action with P&F Charting

s500 index
30 min data
2.50 by 3 reversal..close
the latest break from 1240 has not been supported a syet.watch 50% zone at 1255 if the bulls fail

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eurusd
4 hourly data
28 pips by 1 reversal...close
we can see the nice downtrend since beginning of november
has it made a bottom ????
the latest pole/low...the 50% area is approx 2800 area.
otherwise down we go from 2700 area

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now...we want to see if eurusd is possibly starting a rally
10 min data
10 pips by 1 reversal

note..there was a trap before nfp.market rallied higher before nfp.then broke after nfp..green line
th last signal was bullish/blue line.a recoilresistance starts at the lowest internal trend line approx 1.2750
so price has to stay above 1.2750 area to mintain some sort of bullish action
imho

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Quote from dentist007:

500 index
the first sign of trouble will be a test and a break of the blue trendline
30 min data...3 point box size by 1 reversal


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More...

Thanks dentist , you have kept this thread alive. I have a chance to become profitable with P and F. Please find some other trsources to read if you can . Thanks
 
hey osho
it is all about who is in control....bulls or bears
it is that simple
you just need the duplessis book and the bullseye software,imho...which has now been upgraded to display data in realtime from barchart.com.they have also added the facility to have multiple charts open at the same time..not sure about the new look,which seems to resemble plain excei
in my opinion you need nothing more.it does take some practice
so for $149 plus the book,you are set up
you can practice with real money on fx at $1 a pip on most platforms
data is free from freestockcharts.com,dukascopy,yahoo
 
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