Learning to read Price Action with P&F Charting

There are methods for determining price objectives.

I have not used them for intraday because I don't think they work, but I will post them anyway.

Now Thomas Dorsey does it differently than most pnf'ers. He uses a different formula for shorts than he does for longs. He says this is because of the natural bias to go up.

The four types of price objectives are as follows:

Bullish vertical count
bearish vertical count
bullish horizontal count
bearish horizontal count
 

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Quote from HooLee:

Thank you HG, I read that somewhere else before and I thought he meant something else.

Great job, BTW
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Thank you Hoo. Now if someone can figure out how to use these price objectives for daytrading I am all ears.
 
Since I only started looking for intraday charts after reading this thread I can't say.

But apparently they have them now.:D

I've noticed they seem to have all the bells and whistles on their Pnf charts except you have to refresh the page for an update which is a little annoying if you're used to watching real time.



Quote from HolyGrail:

I was under the impression they only offer eod pnf charting. Has that changed?
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What's your take of the price objective they show on the chart?

If it worked a good % of the time that would be a great feature.

Seems, ahem, a little high tho. LOL
 
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