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    Learning to read Price Action with P&F Charting

    :D I saw that study and posted it a while ago (and posted another one or two), I want to reproduce it for myself and see if it really works. Instead of trading S&P futures I'd rather buy and hold (for 1-3 months) individual stocks/etfs. I think this could be part of a long term trading plan...
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    Learning to read Price Action with P&F Charting

    I want to backtest PnF signals to see if they can consistently provide returns higher than simply holding an index. I don't see how your point about the information being incomplete invalidates the reason to backtest - all information we have is always incomplete. Anyway, yes, this...
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    Learning to read Price Action with P&F Charting

    To provide more clarification, this was all done using 1X3 box/reversal, and was done more with a position trading view than day trading (plus I think it's easier/more accurate to backtest using daily data). I think with the addition of relative strength against SPY and against the...
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    Learning to read Price Action with P&F Charting

    haha, not bad. In my preliminary tests using PnF double,triple,quadruple top breakout signals (and exiting on bottom breakdown signals) [vice versa for short], there were lots and lots of small losses (that add up) and a few large gains that barely offset the losses. (this was using adjust...
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    Learning to read Price Action with P&F Charting

    Maybe a ridiculous question, but, how often are these price targets hit? i.e. what is the reliability of these patterns?
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    Learning to read Price Action with P&F Charting

    Altria Group (MO) spun off Philip Morris International (PM) on March 31st. MO used to trade at ~70, after the split it was approximately MO 20 , PM 50.
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    Learning to read Price Action with P&F Charting

    Hey all, I've made a significant amount of progress, I think, in programatically constructing P&F charts using end of day historical data. I have been comparing these charts to that of stockcharts and have noticed the sole difference being that of rounding error. What are the conventions...
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    Learning to read Price Action with P&F Charting

    Hey FlyingLead, if it helps, I would have gotten short as soon as it went under 44. Anyway, I'm going to start work on backtesting PnF signals on Wednesday, I should hopefully have something done by Wednesday night. I'm planning on testing just the simple signals: double, triple, quadruple...
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    Learning to read Price Action with P&F Charting

    Haha, yep I'm really curious to see how this works out for other declining stocks, I hope we don't get caught in those unfortunate BSC-type situations
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    Learning to read Price Action with P&F Charting

    When you were browsing , did you notice if pnf patterns would have allowed us to profit from these significant declines ? I was looking at bsc, and at least for bear stearns, the answer seems to be yes.
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    Learning to read Price Action with P&F Charting

    Yeah, it seems like you need a decent sum of money to trade P&F with stocks - you could do options but the time value is always an issue. It seems that you'd need options at leasts 2 months from where you enter, based on my observations (small sample). I was thinking of getting into BNI at...
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    Question on ETFs of other countries

    Take a look at the difference between an etn (exchange rraded note ) and etf - that will answer all your questions
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    Question on ETFs of other countries

    I believe it's because, for some countries, arbitrage is not possible because of foreign direct investment rules not allowing arbitrageurs to purchase the underlying ETF portfolio. I.E. if the ETF is overvalued, one should, in theory, short the ETF and long the underlying, until the gap...
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    Learning to read Price Action with P&F Charting

    Haha, I know, I'm trying to get some preliminary feedback - how can we make this study useful? http://papers.ssrn.com/sol3/papers.cfm?abstract_id=264717...
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    Learning to read Price Action with P&F Charting

    Is there a way to get this percentage reading, similar to downloading the historical daily data from Yahoo? I'm not really sure what Bullish % is I think the easiest one to test first would be double top/bottom breakout/breakdown, with a stop at the last column of O's?
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    Learning to read Price Action with P&F Charting

    hmm, I'll look into IRT. Why are you not a fan of back testing? To avoid unrealistic fills, I want to assume buying/selling at the close and only use intra-day data. What else can we do to make sure the results are accurate? I think this is a worthwhile endeavor, it'd make me more...
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    Learning to read Price Action with P&F Charting

    Do you think it is possible to gather years of daily open/high/low/close data on the universe of stocks and do backtesting on the results of the various P&F strategies? This could be another contribution to the thread, although with intraday data (off Yahoo) it possibly wouldn't provide much...
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    Learning to read Price Action with P&F Charting

    Makes a lot of sense. On a side note, has anyone used Quotetracker's PnF charts? It's what I use when I pretend to be an intraday trader.
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    Learning to read Price Action with P&F Charting

    Hey all, A recent trade I made (forgot to post about it when I was thinking about it) was CMI when it was at 58. I closed a couple days ago when it was at 69 (got pissed when it kept going up to 70 but happy now, haha) The problem is, the signal came a couple days before its earnings came...
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    Learning to read Price Action with P&F Charting

    hey all, Ive been looking into using pnf charting as a basis for longer term, position trading, where I'd want to capture a couple (or more) dollars as opposed to a few cents (relatively) trading intraday . While I've only read posts regarding intraday trading , do you think this method would...
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