Learning to read Price Action with P&F Charting

Quote from trader56:

Ok, I know I'm trying yuor patience here, but at 3.08, at which would I start in adding the 3 x's ?

Sorry, it's late here so I'm having trouble with this, but am most grateful for the help!

And I can't imagine tis in real time either, but the eSgnal program can calculate it. I'm just trying to get straight at which point I change from X's to O's!
More...
Yes, at 3.08 you have a reversal. You place the first x at 3.04
the second at 3.06, and
the third at 3.08
 
I know I am not making myself very clear so I will try again.

I trade with buttontrader which has a tick chart in front of me.

If I am trading on a 1 point chart I know that I can add 3 points to the lowest tick of the current column, and that is where I will have a reversal of o's to x's. On a .75 chart it will be 2.25 points away. On a .5 it will be 1.5 points away etc.
 
Quote from HolyGrail:

Yes, at 3.08 you have a reversal. You place the first x at 3.04
the second at 3.06, and
the third at 3.08
More...

Perfect! Thank yuo SO much for the help!

I'll play with this a bit, see if I have it, and annoy yuo with my understanding of the completed example tomorrow.

Happy Easter!
 
Quote from trader56:

Perfect! Thank yuo SO much for the help!

I'll play with this a bit, see if I have it, and annoy yuo with my understanding of the completed example tomorrow.

Happy Easter!
More...

Hey I have all the patience in the world for people that WANT to learn.

Happy Easter.
 
Quote from HolyGrail:

Sorry I missed this. I use bulls eye broker to display my charts.

It is the only software I know of that keeps everything in proper box size where you can truly draw trends.

The bad thing is it cannot be used with a real time data feed as yet. I would love to find a program that looks like this in real time.
More...
Investor R/T has P&F charting now - http://www.linnsoft.com/pnf/index.htm
 
Quote from HolyGrail:

That is exactly what I have been looking for. Thank you so much.
More...
I have found DTN.IQ feed to work best with Inv R/T if that helps any. :) Now if you are not worried about critical volume data then you can use IB data (the IB snapshot data does not work good for the Inv R/T "VB" Volume Breakdown tool as a heads up).
 
You must log in or register to reply here.
Back
Top