Base on my understanding, P&F Charting is still a very subjective way of TA. Basically P&F Charting is getting out price and ignore the time, then make the price becomes just a up or down signal for every until. Then apply subjective TA analysis like trend line and resist level.
Learning to read Price Action with P&F Charting
- Thread starter HolyGrail
- Start date
thats it...
not much else to it
not much else to it
cable 15 min data
12 pips by 1 reversal
close plot
uptrend that started on 11th june
lets see if that supp area holds
12 pips by 1 reversal
close plot
uptrend that started on 11th june
lets see if that supp area holds
cable..bulls not really tested as yet
areas to watch
i am sure they are
the data source ie,interactive brokers is the same
the only thing that can differ is the method of calculation might be different/or the same.
The only way to find out is to compare charts from bullseye and multicharts using the same set of data.same box sizes and same reversals
there is a way round this..just use line chart and have a dot on the 1 sma
also .a candle and use a dot as the sma
look for those dot clusters for possible breakouts and place trendlines
just the final bit of analysis could be with p/f as you have already extracted most of the information from the chart
load up one trend.so a 4 hour should have one trend...if there is one
see eurusd 240 posted yesterday
the data source ie,interactive brokers is the same
the only thing that can differ is the method of calculation might be different/or the same.
The only way to find out is to compare charts from bullseye and multicharts using the same set of data.same box sizes and same reversals
there is a way round this..just use line chart and have a dot on the 1 sma
also .a candle and use a dot as the sma
look for those dot clusters for possible breakouts and place trendlines
just the final bit of analysis could be with p/f as you have already extracted most of the information from the chart
load up one trend.so a 4 hour should have one trend...if there is one
see eurusd 240 posted yesterday
dax 1 hour
line chart with a dot on 1 sma/close
i have loaded 2 trends
the dots give you an idea where the breakout points are...you can focus on a particular area
trends are the most important aspect of any chart,whether it be candle,bar p/f
line chart with a dot on 1 sma/close
i have loaded 2 trends
the dots give you an idea where the breakout points are...you can focus on a particular area
trends are the most important aspect of any chart,whether it be candle,bar p/f
a trendline placed
now we can study that trend on a lower timeframe
all charts should be broken down into range,uptrend and downtrend using horizontal and subjective trendlines...first
notice..we have not been near a p/f chart as yet
now we can study that trend on a lower timeframe
all charts should be broken down into range,uptrend and downtrend using horizontal and subjective trendlines...first
notice..we have not been near a p/f chart as yet
now we can fool around with p/f on that downtrend
we optimise the box and reversal'''visually
we get 3 minor down moves in that downtrend
remember..the latest trend is the most important
then we can go and look for set ups to trade with
we optimise the box and reversal'''visually
we get 3 minor down moves in that downtrend
remember..the latest trend is the most important
then we can go and look for set ups to trade with