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Learning to read Price Action with P&F Charting
- Thread starter HolyGrail
- Start date
Quote from pnf.guy:
RIO- My methodology would allow me to day trade this ticker symbol around the price of 38.00 from the long side. I would day trade it all the way up to the price objective of 42.00. However, I personally don't trade anything other than the ES or YM.
pnf.guy,
Could you elaborate on your methodology?
thanks for your input pnf.guy. I'll have to see how the different chart size indicators work out. I realize it won't be as simple as picking one chart size and buying everything that has a good signal.
What really surprises me browsing thru all the charts, is how many companies have gone from $20, 30 or even 40 or more down to almost nothing in the last couple years.
What really surprises me browsing thru all the charts, is how many companies have gone from $20, 30 or even 40 or more down to almost nothing in the last couple years.
Quote from flyinglead:
thanks for your input pnf.guy. I'll have to see how the different chart size indicators work out. I realize it won't be as simple as picking one chart size and buying everything that has a good signal.
What really surprises me browsing thru all the charts, is how many companies have gone from $20, 30 or even 40 or more down to almost nothing in the last couple years.
When you were browsing , did you notice if pnf patterns would have allowed us to
profit from these significant declines ?
I was looking at bsc, and at least for bear stearns, the answer seems to be yes.