Learning to read Price Action with P&F Charting

Seems this thread is dying a slow death. Is nobody actively using PnF much that likes to post or are you all afraid to give away any more info.

So far my paper trading using the PnF has been doing great, but doing it in real time will be the best test. Which I will do in a month or two when my real job slows down and I have time to get everything set up.

Since my system relies on an equal amount of short and long stocks, I was wondering how hard is it to go short on stocks? I keep reading that it is being frowned on more and more. If I can't short stocks, I will have to test a different method.
thanks
 
OP is on vacation, as far as topics to discuss everything has pretty much been said. Lately all that's been going on are questions or discussing possible stock picks.

speaking of which GLD whihc is the gold etf has a pending double top breakout on the 1 box rev @ 89.00 and on the 3 box if it were to break 90.00 then it will be a very strong bearish signal reversed.

i think all will be determined by today's FOMC announcement...
 
My backtesting going long only using double,triple,quadruple and ascending double,triple,quaduple top breakout had approximately 1% loss for S&P 500 stocks for jan1 2007 to june5 2008.
I didn't backtest going short yet. But I'm trying to see if it's possible to get a profit, stay out of low probability trades, etc.
 
Was the testing done with all buy signals, not taking into account Bulllish %, RS, and whether is was above or below its Bullish support line?
Where did you set the stops and the limits?
 
It was using RS; stop was 1 below the low of the last o column
how can we make this better ? I can't figure out how to program bullish support line ; I'll look into that next
 
just joking
this thread is dying.there are still many points to be added.so i am sure it will continue
basically,p/f is an easy method to learn.the signals are unambiguous
 
For those that are using InvestorRT to do their PnF charting, have any of you used it to do backtesting?

The documentation is poor on linnsoft's site. I was hoping to get some information on how to find what the values for the high and low boxes are for a given column.

Thanks for any reply.

b.
 
Yes, there seems to be back fill (for example the price moves back down over the next week or month after a signal) when taking a signal especially long, but we are currently in a bear market.

May be a better system if I could also short in the account I manage. Currently I think if you are investing not trading, there are some very good stocks to hold long term right now, of course I could be wrong if oil hits $ 300 but I do have some energy stocks to diversify.

Quote from yayt:

My backtesting going long only using double,triple,quadruple and ascending double,triple,quaduple top breakout had approximately 1% loss for S&P 500 stocks for jan1 2007 to june5 2008.
I didn't backtest going short yet. But I'm trying to see if it's possible to get a profit, stay out of low probability trades, etc.
More...
 
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