Learning to read Price Action with P&F Charting

[HolyGrail]

What I try to do is look where all three will trigger and pick the signal in the middle.

If the 1.0 will trigger at 1350.25
and the .75 triggers at 1350.00
and the .5 triggers at 1349.75
then I will pick 1350 as my entry.

 

[zanjani1]

Got it. Thanks. I was a little confused because in the synopsis you said (below quote) you take the "average" of two signals (.5 and .75) for entry.

"What I do is take the smallest chart and next to the smallest chart and average the two. I place my order at that spot."

 

[dentist007]

holygrail
i have put youre synopsis in pdf form.it looks like it is easier to read.great stuff...many thanks

 

[dentist007]

open office converts doc to pdf.it is a free download from sun

 

[HolyGrail]

Quote from dentist007:

holygrail
i have put youre synopsis in pdf form.it looks like it is easier to read.great stuff...many thanks

It does look a lot better. Thank you for doing that. Today was a great sync trading day. The last two days I have switched over to NQ for the first time. There seems to be many people recommending it so I thought I would try it. I've had two good days, but both days in NQ were very trendy, so I need to see what happens on other days.

 

[dentist007]

lets see the nq trades.thanks

 

[HolyGrail]

Bear in mind it's a new instrument for me so my stops and trailing stops need to be worked on.

 

[dentist007]

posting a chart so people can see where the trades were taken.

 

[dentist007]

the time on the horizontal axis is london time.not ny time.the charting package is actually french

 

[zanjani1]

HG, I am having difficulty matching some of the trades with actual signals on the chart. for example I don't see a sell signal at 1809.25 or a buy at 1802. Can you explain some of the trades that don't correspond to signals on the chart? I assume different box values were used for your trades.