Recent content by CWU

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    Learning to read Price Action with P&F Charting

    First, you looked at the stockcharts P&F chart and that’s a good thing because I provided their code pounder with the exact algorithm I posted here. (This was some 5 or 6 years ago.) I see that you added 4 superfluous secondary BLSL – but for what reason? First, master the Bullish...
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    Learning to read Price Action with P&F Charting

    Same chart but I've added a few secondary TL's like the Bullish Resistance Lines and Bearish Support Lines. The strongest ones are always the first or second ones of the bottom or a top. They do capture channels very well.
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    Learning to read Price Action with P&F Charting

    Okay, here's AMD with just the BLSL's and BRRL's. You can see that one of them is always in place. A P&F chart is either bullish (on a buy signal) or bearish (on a sell signal) and the trend is either positive (trading above the BLSL) or negative (trading below the BRRL). Now you pick a...
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    Learning to read Price Action with P&F Charting

    What is the symbol of the stock you are charting? I'll post a correct chart with just the BLSL and BRRL.
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    Learning to read Price Action with P&F Charting

    If you follow this trendline algorithm you’ll do just fine. I didn’t invent it but it’s in my own words. Master this, and then you can add the secondary types of trendlines. 1. Let's call the Bullish Support Line the BLSL, and the Bearish Resistance Line the BRRL. 2. Begin by...
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    T/A won't make sense to me until I understand this:

    Hey Jonbig04, Name a stock. I’ll post an EOD chart and identify the patterns I recognize, draw in applicable trendlines and give you my read on its future movement as dictated by its sector and the overall market. Once more, most folk’s who employ my particular charting method would...
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    Citigroup - BUY

    Okay. From a pure chart perspective and IMO: I see absolutely no good sound reason to consider this stock at the present time, because: 1. It’s too far below the active Bearish Resistance Line (BRRL); and 2. It just completed a high pole warning that resulted in a Double Bottom Sell...
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    Learning to read Price Action with P&F Charting

    Within your post is the quote: "Quote from HolyGrail: OK now for something you will not read in any book. It is what I call the failed double top buy signal or the failed double bottom signal. If you trade this signal only for the rest of your trading days I PROMISE YOU WILL BE...
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    Learning to read Price Action with P&F Charting

    I agree with you about Bulls-Eye Broker. The one problem I have with the product is the basic trendline construction is not correct. Stephen made an error when he created the swing algorithm. He is aware of the problem, but it’s not worth it at this time for him to correct it. I, on the...
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    Learning to read Price Action with P&F Charting

    Okay – I’ll play. I see you posted three charts and asked for thoughts. I’ll do the composite. Then you do the Industrials. We’ll flip a coin for the Transports. A few abbreviations or terms I may use: 1. Double Top Buy Signal (DTBS). 2. Double Bottom Sell Signal (DBSS). 3...
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    Any Alternative to StockFetcher.com?

    I do some shorter term end of day data trading. My data is from TC2000: http://www.tc2000.com/default.aspx There coding method is very simple, and there are many threads that discuss it. Here is just one: http://www.tradeon.com/tradeon/ I do my backtesting wit TC Companion...
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    S&P has had it ! Intermediate term top right here !

    So, somebody tell this dumb old fart how to post a chart directly onto the thread. TIA
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    S&P has had it ! Intermediate term top right here !

    For whatever reason, the correct P&F chart did not post, nor did my swing chart. I'll try once more. http://stockcharts.com/def/servlet/SC.pnf?c=%24SPX,P
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    S&P has had it ! Intermediate term top right here !

    Recognizing that “What is – is” and that everything in the future is a wild ass guess, then I consider and guess: 1. The S&P 500 Bullish Percent Index is now in a column of O’s at the 48% box. This is a point and figure based chart having a range of from 0 to 100%, that measures all...
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    Conditional systems with multiple indicators?

    As mentioned, for EOD, TC2000 will do all that you desire, and the coding is simple. Additionally, you can backtest it with the same basic language in TC Companion. http://www.traids.com/ It helped me to create a number of good profitable setups.
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