Learning to read Price Action with P&F Charting

If you do plan to sell after a week no matter what, you might want to look at charts on a smaller box size to see what is really moving right at that time. If it should be on a 1 point go to .5 etc.
 
you could buy puts or calls for an overnight protection,they don't have to be 100% insurance, i.e. you could be short potash at 220 and buy the 230 calls on the close ,it would give you some protection on the upside and you would still profit if the stock opened down because you are not spread off 1 to 1,
 
Quote from ammo:

you could buy puts or calls for an overnight protection,they don't have to be 100% insurance, i.e. you could be short potash at 220 and buy the 230 calls on the close ,it would give you some protection on the upside and you would still profit if the stock opened down because you are not spread off 1 to 1,
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LOL, wrong thread.
 
Within your post is the quote:

"Quote from HolyGrail:

OK now for something you will not read in any book. It is what I call the failed double top buy signal or the failed double bottom signal.

If you trade this signal only for the rest of your trading days I PROMISE YOU WILL BE PROFITABLE.

You have your great failed signals, and you have you SUPER GREAT failed signals.

Here is a SUPER GREAT failed double top."

Can you direct me to general area where HolyGrail made that post. I'd like to see the chart and have a better understanding of what I think he's describing.

Thanks,

Chuck






Quote from oraclewizard77:

Hi, I have contacted Archer Analysis Pty Ltd which makes bulls eye broker about seeing if they will include this pattern. They said it was a custom development and are getting me a quote on the cost.
Once I get this information if any of you wish to partner with me and split the cost, please let me know.

Also, if I sell my current business I would like to start a LLC to trade using some of these patterns if anyone is interested with the main goal of converting to a hedge fund.
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Current cost is $ 240 for the changes about 3 hours work on their part at $ 80 per hour plus software license to use their product.

My understanding is from what they told me, they look for the reversal to occur one column after the failed buy or sell signal.

As noted, you need to be precise when telling someone what to program. I would like to know if this correct, and/or if anyone is willing to help me pay for programming.

If I need to give them any additional parameters, please let me know before I tell them to go ahead. I told them I am waiting to close out some long term positions before I can take full use of this product.

Thanks,
 
I would offer, but I really enjoy looking at my charts. I don't even use the scanner at all.



Strange day for me. I have made 5 trades and all successful, but I don't feel right. I should trade more I guess, because maybe this is how I am supposed to feel when everything goes right.:D

Anyway, I just feel too strange, so I am going to end the day and do the work I need to do at the office. Next Friday I leave for Italy for two weeks of R&R.
 

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My longs still fell faster than my short stocks. mainly due to BNI.
It hit my stop.


Holy Grail:
Is this when you would short the stock on a reversal, even tho it is still above its Bullish support line??
 

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