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

[Dentalfloss]

I could but am not interested.

well.i think you could make money
how ? because Rainwood charges $60 for his tick chart add on for mt4
you could do the same,say $60..even more if the market will take it
just a thought
which reminds me that i will take a 30 day licence on Rainwoods multi tick chart.cost $8
multi tick, if used properly are a bit like p/f.you can fiddle around with settings to dig deeper for s/r and trend.MT4 only has a few timeframes.so could be a useful add on.you can set tick to any number
volatile markets high number..range is low number
one other useful thing is that it exports the data to a file and beb4 can read it
so..its just another tool in the box
will let you know how useful iy is

 

[malaguti]

well.i think you could make money
how ? because Rainwood charges $60 for his tick chart add on for mt4
you could do the same,say $60..even more if the market will take it
just a thought
which reminds me that i will take a 30 day licence on Rainwoods multi tick chart.cost $8
multi tick, if used properly are a bit like p/f.you can fiddle around with settings to dig deeper for s/r and trend.MT4 only has a few timeframes.so could be a useful add on.you can set tick to any number
volatile markets high number..range is low number
one other useful thing is that it exports the data to a file and beb4 can read it
so..its just another tool in the box
will let you know how useful iy is

this thread alone gets 1000's of views, it only needs to be sold on at a couple of hundred each time, he'd make quite a bit. I suspect its not as easy as it seems
The scaling needs to be automatically set depending on instrument, 3, 2 and 1 box logic factored in. I wonder would it all have to be written from scratch.
if it hasn't been done yet, there's generally a good reason
I'll see if I can ask a real developer for an idea of cost.

 

[Dentalfloss]

Rainwood tick chart
pretty awesome
you adjust the number of ticks per candle according to the volatility..rather like adjusting box sizes
a great tool for mt4

 

[Dentalfloss]

soma areas to watch GBPUSD
4 hour data
25 pips by 2 reversal
close plot
shows the downtrend that started on 19 sept
price looks to want to breakout/aqua and tes orange line at 1.6175 area
above is trend res/red cluster at 1.6250 area
a failur at the aqua line and we look for horizontal supp on candle chart or back down to 1.5950 area/trend supp.green
1.6000 round number supp also

 

[Dentalfloss]

EURUSD 4 hour
overhead res marked
at supp now/purple
green below

 

[Dentalfloss]

we got a bullish signal on gbp on 20/10..aqua line
a mass of horizontal res up to 1.2640 area/yellow to overcome
first bullish signs since june

 

[Dentalfloss]

TWITTER 60 min

gap down on subscriber numbers/earnings
areas to watch if it rallies

 

[Dentalfloss]

Facebook 60 min
gap down..p/f does not show gaps
areas to watch if it rallies

 

[Dentalfloss]

coming into nfp
usdjpy 60 min

 

[Dentalfloss]

Eurusd into next week
we either break lower or test overhead res
there is a minor supp at 1.2550 on 15 min.could be res
aqua/prev supp at 1.2610 area
yellow 1.2662 area
trend res/red at 1.2688 area
lilac at 1.2740 area
minor trend res at 1.2700 area
horizontal red at 1.2790 area
trend res /pink at 1.2818 area
1.2500 is a technical bounce area..ECB and NFP this week
let see what happens

 

[Dentalfloss]

eurusd going into nfp
60 min data
res at 1.2400/horizontal
purple trendline at 1.2420 area
lower red at 1.2470 area
then 1.2500...big number
should stay below 1.2500 uneless nfp is below 200k imho
or we test 1.2300 then 1.2250 areas if above 300k
lets see what happens

please note...
the chart parameters have been visually optimised by me and look to be in my opinion,a reasonable picture of the price action and do not constitute any trading signals

 

[Dentalfloss]

Swissy
at a big horizontal res/not shown
if it retraces then test of the trendline first

 

[Dentalfloss]

gbpusd..we got a fake bullish signal before..see previous chart
looking at 4 hour data which gives us the trend down and a couple of trendlines if price bounces for a test
1.5936 area
1.5968
then big number at 1.6000
might give us a reasonable indecation of dollar strength

 

[Dentalfloss]

BABA

bulls getting nervous ??
bull test at $110 area

 

[Dentalfloss]

gbpjpy 4 hour
latest breakout/purple..pulled back and bounced..now going to test trend res/red and prev minor supp
will the bulls win ??

 

[Dentalfloss]

gbpusd shows the downtrend from 28 october
it could bounce and test those areas

 

[Dentalfloss]

updated chart

could see alot of volatility while the bulls and bears decide

 

[Dentalfloss]

Alibaba 60 min

 

[Dentalfloss]

eurusd 30 min

 

[Dentalfloss]

audusd 2 hour data