Learning to read Price Action with P&F Charting

[osho67]

Will Buls eye broker accept data feed from IB?

 

[bone]

The breakouts in Market Profile from an existing control area to establish a fresh new 'value area' is a very similar concept.

The great thing about P&F is that you don't need to have this extended price chart on the horizontal axis in order to see where the price breakouts are occurring. P&F is very compact - floor traders used to keep them on trading cards.

 

[dentist007]

Quote from osho67:

Wil Bulls eye broker accept data feed from IB?
osho
you will need to see if you can export the ib data into a new file
then setup bullseye to read this file

 

[dentist007]

s&p 500 index
2 hour data
flat for some time now
res is well defined
supp is also well defined
however,if we break downwards,the main trend support is underneath/cluster of trendlines

 

[dentist007]

europe is not burnt out as yet
dax..daily data

 

[dentist007]

well...w e saw 6400 area act as major supp on the dax this week
now lets look at the euro
eurusd 2 hour data
10 pips by 3 reversal
1.2970 is the 50% retrace on this chart...uneless we get more downward moves
anyway,,we can see that price coiled before it broke downwards

 

[dentist007]

s&p 500
30 min data
this chart wants to get bullish

 

[dentist007]

spx 15 minute data
watch that trend

 

[dentist007]

here is an excellent chart for defining the trend
45 degree trendlines are red
subjective is purple
60 min
audusd

 

[dentist007]

spx hourly
still no let up in that downtrend
internal trendline has to be taken out to show some sign of strength