Learning to read Price Action with P&F Charting

Quote from hdawg87:

yayt, I'm not seeing where NPK is in a trading range on the long term P&F scale. From what it looks like it just broke out of a quad top and there was a buy at 60. Here's the chart I'm looking at:

http://stockcharts.com/def/servlet/SC.pnf?c=npk,P

Also, what is your targeting method that you are using to set price targets?
More...

that's because it broke out of the trading range i was talking about
 
to anybody using the prorealtime p/f charts.these are free for eod.
us,uk,european stocks index and futures.also commods and interest rates etc
the hilo charts,especially the 3 box reversal charts are correctly calculated.i have compared them to updata
however,there is a problem that can be corrected easily by the user.on some charts when loaded the x and the o are disproprtionate.ie the o are not round and the x are can be elongated.to get properly proportioned charts ,put the mouse on the scale and move it up or down.focus mainly on the o,once it gets round then fix it.then you can draw the 45 deg trendlines.to move the chart around then put mouse on the chart and move it to where you want to put it.
the software cannot handle the scaling on the p/f properly,to correctly proportion the x and o size
enclosed is the daily chart of emini s &p.the x and o were generated by the software.as you can see the x and o are not proprtioned properly
.the second chart is where i have put the mouse on the scale and reproportioned
hope this helps someone.maybe if we all email prorealtime,they will correct this bug

attachment.php
 

Attachments

a sensible solution to this problem,which i think prorealtime can do easily is to have a facility to reduce/ increase the sizes of the x and o.once the these have been reproportioned.this will enable the whole chart to be put on the screen
do not use the 1 box rversals.these are not calculated according to the wyckoff/one step back method.also only use close or high-low range on the box configurations.the rest are not appropriate in p/f
a few small points to take note of.
great FREE charts.once you know how to handle them
to reproportion the x and o.go to the scale/left click and move either up or down depending which looks right
 
I am still studying these PNF chart

But when I try to study . for example DJIA/$INDU

i got different chart , all is under :

BOX : 1
Reversal : 3

but from Stocksharts AMibroker, or Prorealtime i got 3 different chart..

Is it because PNF is for personal or is it the starting point is different.. ?

need comment..

thx
 
it is all to do with the method ofcalculation of the boxes.the method should be from the hilo or close of the previous box and not the close/ rnd of day
check also that you are inputting point size and not percentage
 
This thread hasn't had much action as of late :(

Anybody have chart examples?

Here is what I was looking at trading Diamonds today, perfect example of how P&F makes identifying support and resistance easy (and profitable).

attachment.php
 

Attachments

Hey, still new to the P&F charting method, but it makes a lot of sense to me. Spent the last couple of days reading this post and and a few other places as well.

What do you think of shorting KO if it breaks $42ish, from a P&F standpoint? Good trade/bad trade?

Looks like it would be a quadruple bottom sell signal if it were to break, am I correct in the analysis?

Just trying to gain more insight. Thanks.

http://stockcharts.com/def/servlet/SC.pnf?chart=ko,PHTADANCBO[PA][D][F1!3!!!2!20]&pref=G
 
You must log in or register to reply here.
Back
Top