Learning to read Price Action with P&F Charting

hey dentist007 I really like your the examples you post. I have read many books on point & figure, and I learned that tick data to one 1 min is idea for this method. How does this effect your trading when the higher time based chart re-draws itself until that time period is done? Doesn't this hurt the accuracy of your analysis?

Right now I'm using stock charts for point and figure, in your opinion how are they compared to bulls-eye? I also want to thank HolyGrail for starting up this fantastic discussion.
 
Hi ddobbs
books...u read duplessis
that is all u need
he teaches you about one box reversal..an essential for trading
3 box reversal are too clumsy to trade from
all you need to know is in that book
accuracy of analysis....well,that is subjective
tick/1 min usually little difference..the scene will have been set from higher time input..
stock charts/bullseye comparison...
stockcharts are calculated properly.so no problem there
stockcharts are too clumsy for trading..imho
the reason..trends are the most important aspect of any chart..so you need to place trendlines on the chart as first option,especially with p/f.
trendlines on p/f are constant change per reversal
candle/bar,,trendlines are constant change per unit of time
a big difference.that is youre advantage when you use p/f.
so trendlines need to be put on quickly..45 degree and subjective..this you cannot do in stockcharts...but you can do with bullseye
the chart should be broken down into bullish and bearish sections using trendlines
 
nas 100
30 min data
the QE rally which started on 25 july
watch the trendline cluster ffor possible clues if there is a breakdown

2l949y0.gif
 
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