learning to read price action with p/f charts

This is a discussion on learning to read price action with p/f charts within the Technical Analysis forums, part of the Methods category; you can see that the columns are too long.so you have to adjust the box size to make the chart ...

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Old Feb 7, 2010, 9:56am   #11
 
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Re: learning to read price action with p/f charts

dentist007 started this thread you can see that the columns are too long.so you have to adjust the box size to make the chart readable.that is up to the user
you can practice this for free,by going to stockcharts.com.eod charts are free
dow symbol is $indu
cable is fxb
ftse is $ftse
where it says sharp chart.click on this .it will have p/f
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Old Feb 7, 2010, 10:20am   #12
 
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Re: learning to read price action with p/f charts

dentist007 started this thread stockcharts.com
once you have the chart up.then to alter the box size,go to chart scale.click on scaling method and click on user defined.then choose box size.dont alter any other inputs.a nice easy way of learning the ropes
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Old Feb 7, 2010, 10:27am   #13
 
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Re: learning to read price action with p/f charts

dentist007 started this thread so in 1 quick look we can see alot of information on s/r.the next easy thing to see is the column characteristics.
are the columns long or short.?remember,direction change is s/r.the chart is showing you supply and demand.long columns mean the market was hot to buy or sell the stock/bond etc


chart below is 15 min data of cable..currency shares british pound.you can see that the market was eager to sell cable..long downward "O" coilumns.minor recoil "X" columns.a strong downtrend

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Old Feb 15, 2010, 8:13pm   #14
 
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Re: learning to read price action with p/f charts

dentist007 started this thread next thing to look at is the bias on the chart
is the price action bullish or bearish..??
that is easy,we just look at the columns
what are the characteristics of the columns.??
are the upside columns "x" long or short
are the downside columns "O" long or short
the last few columns...who had control "X" or the"O"
also were their any rising lows or lower highs

15 minute data from nasdaq 100 index
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Old Feb 15, 2010, 8:19pm   #15
 
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Re: learning to read price action with p/f charts

dentist007 started this thread dow 15 minute data
we can see that the bias is bearish to start ,in fact very bearish.
then we got some pullback with the rising lows

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Old Feb 15, 2010, 8:22pm   #16
 
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Re: learning to read price action with p/f charts

dentist007 started this thread a bearish hourly plot of eurusd

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Old Feb 17, 2010, 3:22pm   #17
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Re: learning to read price action with p/f charts

Good stuff, how long you been using P&F? I have been studying this method for a while, not very good at it yet though, but I really love this method. I often see this pattern, not sure if anyone else has, or if its been written about before, it happens on both upside and downside, will jump up/down, consolidate in a clear range then quickly go back down/up then continue to bounce in the original direction, nearly everytime I have seen it, it does it.

Do you ever see such a thing?
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Old Feb 21, 2010, 9:08am   #18
 
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Re: learning to read price action with p/f charts

dentist007 started this thread just an illustration of p/f stuff to look for
supports
breakouts
45 degree trendlines
etc etc

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Old Feb 21, 2010, 12:53pm   #19
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Re: learning to read price action with p/f charts

fantastic thread, just discovered it.

I will put my learning cap on ......

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Old Feb 21, 2010, 1:16pm   #20
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Re: learning to read price action with p/f charts

always been meaning to look at p&f, but never really got round to it.

out of interest, is p&f the same as the charts richard wyckoff developed?
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