Learning to read Price Action with P&F Charting

dow index just before the open
a triangle
2w5n9zq.gif

which way will it break ??
 
spx h2 data
we still have not hit the sweet spot
we have tested a previous breakout point....not the trend as yet
trend gets tested at the green line...currently in 1590 region
288sg1s.gif
 
SB #11 (Sugar)
Daily
3x1 (30 tics) P&F
Includes gann lines. Watch the 45 for significant hints on continuation or reversal/dead cat. FWIW, gann lines with p&F can be very potent as turning point/trend change trigger. It's all about the angle, which fits very well with P&F. L to L or H to H once a long-term trend is established. H to L, L to H, not so much for long term trend changes, imo.

Trade On!
 

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Hi Tiddles
good to hear from you
if gann confirms..then that must be good
here is a weekly line chart of sugar for all to see
3 years data
in a downtrend
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Quote from dentist007:

i dont trade sugar
it clogs my arteries...lol
here is the latest downtrend on hourly from may 7th
looks like its goin to test the tr

2rpdxl4.gif
end


I've traded sugar since the 90's. Back then, software and feeds were so expensive, I would P&F daily by hand on graph paper! Truth be told, sugar is my favorite market for swingin. I also have a big Quadrille desk pad on my trading desk.

No doubt sugar is in a solid downtrend. And likely to remain for some time yet. But It sure is fun and fattening to catch counter moves when/if they occur.

BTW Dentist... if you get a spiff for BEB referrals, send me your info. I may pick up a license in the near future... P&F is alot of fun, and esoteric enough to be quite profitable in the right hands. :) And BEB kicks butt for P&F! Thanks for maintaining this thread.

Trade On!
 
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