Learning to read Price Action with P&F Charting

Quote from yayt:

hey all,
Ive been looking into using pnf charting as a basis for longer term, position trading, where I'd want to capture a couple (or more) dollars as opposed to a few cents (relatively) trading intraday .
While I've only read posts regarding intraday trading , do you think this method would be conducive to longer term trading ?

Thanks again for the insights holy Grail and dentist and everyone else !


h
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It is even more conducive for swing, and longer term trading because you get the opportunity to use relative strength and bullish % indexes before you take on any trade.
 
Quote from dentist007:

es looks like it is going down to 1381 area.atight range,i think.difficult to trade.?
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Quite possible after the large range trading days we had last week. If it doesn't look good by 9:30 cdt I am going to nq or ym.
 
holy grail.i have emailed the queen of england asking her to give you a special commendation for that trading rule.consecutive signals.it certainly keeps you out of the chop.bravo
had no reply from her as yet
 
I really enjoyed this thread. It looks like it has gone quiet. I thought I would bring some new life into it. My posts will simply be pnf charts. They are all in hindsight. The idea is to help create some steadfast rules that would enable traders to capture these moves. I would welcome any comments on how you would have played these charts. Please note these charts are not mine but borrowed from charthub. I don't have a live pnf platform
 

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