Best Thread learning to read price action with p/f charts

[Dentalfloss]

care with eurusd shorts
daily data shows the 2 trends since july 2012
it is in a range...but there is a bull trap/arrow which has confused alot of people that it is a negative chart...not as yet

 

[Dentalfloss]

same with cable
fake bearish signal

 

[Dentalfloss]

STC.This was facebook on friday.we had the run up to the $70 res which was traded
as you can see...the opening hour.the price was really messy.when it gets like that you have to constantly move around box sizes and reversals.once we hit the 68.50 area which we had marked,price action was alot easier to read...in fact ..it was alot easier to read on a bar chart
data is 1 min/close plot 4 cents box size
when it comes down to messy price action the p/f charts get overcrowded

 

[Dentalfloss]

eurusd 15 min
bears lookin hard if it tests res

 

[Dentalfloss]

audusd 2hour
in the bull zone

 

[Dentalfloss]

3 trends so far this week on spx futures
last one looks a little overdone
lets let the market decide

 

[Dentalfloss]

dax only had 2 tradeable trends this week
it did not recoil like the spx ..it went into a range
looks like it wants to test the downtrend

 

[Dentalfloss]

spx futures into next week
30 min data

 

[Dentalfloss]

a closer look at that downtrend

 

[Dentalfloss]

eurusd 2 hour
shows the uptrend that started on 5th feb
19 pips by 1 reversal
close plot
testing trend resistance at 1.3927 area ...horizontal res is above up to1.4000 area..but above 1.3965 is resistance
1.3850 is horizontal supp/yellow
prev breakout point is 1.3794/aqua

 

[Dentalfloss]

cable..gbpusd 2 hour
an impulsive move up in early february
been flatlining since
however,there is a hint of bearishness now

 

[Dentalfloss]

spx futures into tomorrow\\

 

[Dentalfloss]

spot gold 30 min
was posted on another thread.This is a classic example of a failed signal
gold 30 min
there is a potential triple-top breakout against the trend

 

[Dentalfloss]

Now..as traders we must anticipate every move
So we have to insure if the pattern fails.these always turn out to be good trades
same box size and reversal but a few hours down the road and we can see that triple-top failed
we got a signal to go short

 

[Dentalfloss]

a closer look at that pattern when it failed
same box size
changed reversal to 2
and hilo plot...same time input
the chart is wider so we have gone in for a closer look
we can see the rs/purple and then we get the break of that consolidation
so..we are always looking for failed signals ..either to close trades or open new ones

 

[Dentalfloss]

Nas 100..just about to activate a downside vertical count
trend and horizontal supp..yellow and green in 3425 area.activation of count is 3525/red horizontal
trend res at 3625 area
earnings next week
daily data
25points by 3 reversal..hilo plot..shows the uptrend that started in november 2012..not 2011 as seen on the chart

 

[Dentalfloss]

burberry..brby just broken a support
fake shares being made in China !!
London stock exchange has changed their symbol to chav as from Monday...lol

 

[Dentalfloss]

Sainsbury...could have found a base above 300.The bulls need to test 350 res/red and prev supp/purple
plenty of nectar points to be had

 

[Dentalfloss]

dax index 30 min
2 trends since 15 april
note,,,price moved and we now have an internal bullish support line/green
we are at horizontal res now..supports can be easily picked off from this chart

 

[paszkman]

dax index 30 min
2 trends since 15 april
note,,,price moved and we now have an internal bullish support line/green
we are at horizontal res now..supports can be easily picked off from this chart

Hi Dentist, I would be curious to see this chart again now after the huge moves today..