Learning to read Price Action with P&F Charting

[dentist007]

s&p 500 index..some possible clues to be had for non farm payrolls on friday
30 minute data..10 point box size by 1 reversal
the orange trendline should get broken...as it is very steep..momentum might dry up
but we watch the cluster of trendlines in the 1270-1280 area

 

[dentist007]

an update of the eurusd chart
broken trendline and a signal to go short

 

[dentist007]

same box size
changed the reversal to 2
added 45 degree trendlines
so upward trend still holding..just

 

[dentist007]

S&P 500 index still holding supp

 

[dentist007]

eurusd...this morning"s price action
60 minute data
support came in at the previous breakout point
now in congestion area

 

[SGalyo]

Quote from dentist007:

eurusd...this morning"s price action
60 minute data
support came in at the previous breakout point
now in congestion area

Hello Dentist,

I'm really impressed by these Point&Figure charts - are these updating in real time? Do these charts work for forex trading and what has been your experience?
Thanks and regards

 

[dentist007]

gettin dangerous now

 

[dentist007]

s&p 500 index
hourly
showing the latest upthrust
the 50% zone is the horizontal line/blue 1327 area

 

[dentist007]

cable..gbpusd
2 hour data
a great uptrend tha started on 16 december.this momentum will be difficult to maintain
nfp/yesterday.the trend faltered and it pulled back to trendline support at 5760.probably consolidate now

 

[dentist007]

potential outlook for eurusd for next week
the purple uptrend line looks that it might break