Learning to read Price Action with P&F Charting

Quote from tyler19:

Do you mean posting and trading?
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Yes, even though those trades occurred during the day, I did not trade today. I traded a recording of the day for the first time to show the method. There is no way I will trade one instrument during the normal day, and then post trades as if I traded another instrument in the evening. It is just too much.
 
Yeah I like to turn off all distractions when I trade. It just becomes to much, sometimes the music even distracts me from my focus.
 
Well I hope it helped. I do want to emphaisize that on high range days your targets will tend to be so much higher....typically 4 to 5 points are not out of the realm for false breakouts and 3 to 4 points for sync trades.

Strong trend days you can sit on 2 or three trades for the entire day.
 
the point and figure method is just another way of presenting data.candlesticks are another way.line/close is another way
so:enclosed is a point and figure chart of the s & p 500.its 30 day momentum.you can see that moomentum is definitely in an uptrend
 

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no.i forgot it is 50 day momentum.
you can use the p/f method for any oscillator and cumulative lines.ie obv
it can make divergences easier to spot and as there is a filter.it does wipe out the noise.it does not work well with smoothed oscillators ie slow stochs or macd
 
and enclosed is a 21 day commodity channel index chart of the s & p 500.
point and figure enhances analysis
there is no other chart format that gives you as much inormation on the instrument you are trading
 

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