Learning to read Price Action with P&F Charting

intraday chart of nas 100 from mrswing.com
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Quote from bone:

I've always liked P&F as well as MP because of their ability to clearly illustrate fresh breakout and value areas.

P&F is 'old as the hills' - many floor traders in the '60's and '70's used to pencil in P&F sheets standing in the pits. As late as the early '90's you could still see the older guys with P&F sheets stuffed into their trading jacket pockets.

In terms of 'reading' actual price action other than an initial breakout or run to a fresh value area, there are certainly better tools than P&F IMHO.
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Yes, I tend to agree but a great learning tool all the same. I used to often intradaytrade futures and/or hedge futures options with point and figure off a pager back in the 90s.

Regards

Johno
 
Quote from bone:

I've always liked P&F as well as MP because of their ability to clearly illustrate fresh breakout and value areas.

P&F is 'old as the hills' - many floor traders in the '60's and '70's used to pencil in P&F sheets standing in the pits. As late as the early '90's you could still see the older guys with P&F sheets stuffed into their trading jacket pockets.

In terms of 'reading' actual price action other than an initial breakout or run to a fresh value area, there are certainly better tools than P&F IMHO.
More...
may I ask what is P&F ?
 
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