cable...gbpusd
4 hour data
gave us a fake
now back in support for a bull test
4 hour data
gave us a fake
now back in support for a bull test
Learning to read Price Action with P&F Charting
- Thread starter HolyGrail
- Start date
Russell 2000..smalll caps
1% box size..log box
what a spectacular trend..It can quite easily retrace without too much detrimental affect to the trend
no wonder it lagged over the last few weeks
1% box size..log box
what a spectacular trend..It can quite easily retrace without too much detrimental affect to the trend
no wonder it lagged over the last few weeks
we can look at facebook
rangebound now...but waiting to pop
we can see the overhead trend and horizontal res/red and there is horizontal res up to 74 area
there is horizontal supp /yellow at 50.00
the big momma is waiting in the green trendline 46-48 area
trading this stock..the p/f way....
1.trade the range until it shows signs of a break.If that happens,then we want to prejudge the breakout point and take positions on the opposite side of the breakout to keep the stop tight.you will need a lower timeframe to do this
2.once it pops we have the areas where it could bounce or retrace.take profits there and reassess
a bit of homework done on the desktop..you can use a tablet /phone to assess
rangebound now...but waiting to pop
we can see the overhead trend and horizontal res/red and there is horizontal res up to 74 area
there is horizontal supp /yellow at 50.00
the big momma is waiting in the green trendline 46-48 area
trading this stock..the p/f way....
1.trade the range until it shows signs of a break.If that happens,then we want to prejudge the breakout point and take positions on the opposite side of the breakout to keep the stop tight.you will need a lower timeframe to do this
2.once it pops we have the areas where it could bounce or retrace.take profits there and reassess
a bit of homework done on the desktop..you can use a tablet /phone to assess
which way will it break ??
SpX areas to watch
same data..2 hour
a much bigger box size
we can see the two trends that both ended up at res
Notice the "5" the month character.....price has broken out
so if we take the width of the latest horizontal count/ orange...that gives us a 2 box target.This is around the 1920 area..marked with a yellow line
so..in theory we could expect reasonable res in that area
a much bigger box size
we can see the two trends that both ended up at res
Notice the "5" the month character.....price has broken out
so if we take the width of the latest horizontal count/ orange...that gives us a 2 box target.This is around the 1920 area..marked with a yellow line
so..in theory we could expect reasonable res in that area
DAX over the last year
2 big moves upwards
been in a consolidation for the last 6 months...but there is an inkling of a move up to yellow line
there is a horizontal count which is active
price is at big horizontal res
2 big moves upwards
been in a consolidation for the last 6 months...but there is an inkling of a move up to yellow line
there is a horizontal count which is active
price is at big horizontal res
dax 5 min data
30 min shows the gentle uptrend over tha last 2 weeks
either we break higher or test the green line at 103.60- 103.80
either we break higher or test the green line at 103.60- 103.80
60 min data showing the breakdown from tight range on 26th may..light purple horizontal
On this chart ,entry and exits are well defined for short term trades
price consolidated and then started a new trend /downon 30th may
we will track the latest trend on 15 min
On this chart ,entry and exits are well defined for short term trades
price consolidated and then started a new trend /downon 30th may
we will track the latest trend on 15 min