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; ssssssshhhhh..........

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Old Sep 8, 2012, 6:37pm   #341
 
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Re: learning to read price action with p/f charts

dentist007 started this thread ssssssshhhhh.......

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Old Sep 8, 2012, 6:50pm   #342
 
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Re: learning to read price action with p/f charts

dentist007 started this thread ssssssshhhhh.......it's a secret between malaguti and I.it's so secret that the book self destructed after we read it
lol
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Old Sep 9, 2012, 12:23am   #343
 
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Re: learning to read price action with p/f charts

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ssssssshhhhh.......it's a secret between malaguti and I.it's so secret that the book self destructed after we read it
lol
Dentist, you are so mean!..ameliya if you want to read more, you have quite alot to go through in this thread, which hints at the elusive book that meanie here is referring to! But I also think that if you are happy in the way you trade, why would you want to change it..
I was never happy, kept on changing, looking for something new..a new system, a new indicator and then a couple of losing trades later and I figured i needed something different. It wasn't the indicators, the systems it was all about the confidence (or lack thereof) I had in my own analysis.
So do some homework on this, and I'm sure it will all sink into place. I hope it helps you!
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Old Sep 9, 2012, 7:07pm   #344
 
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Re: learning to read price action with p/f charts

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I would like to hear more about them. I am very happy with the way I trade, and have been studying options for a long time now, which takes up most of my time. I am definitely interested in learning more. I recently started using P/F charts and so far it has helped me become more consistent in intraday trading.
A chart of the S&P..just beautiful and another 30points in the bag!!
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Old Sep 10, 2012, 11:30pm   #345
 
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Re: learning to read price action with p/f charts

dentist007 started this thread malaguti....nice one
keep em comin
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Old Sep 15, 2012, 8:29pm   #346
 
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Re: learning to read price action with p/f charts

dentist007 started this thread new edition of book
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Old Sep 15, 2012, 8:31pm   #347
 
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Re: learning to read price action with p/f charts

dentist007 started this thread Also featured in the second edition are:

- A step-by-step analysis of the FTSE 100 Index using the 3-box method, as well as the NASDAQ Composite Index, using the 1-box method

- A detailed discussion of optimising techniques

- An in-depth chapter on Analysing Point and Figure charts, extensively rewritten from the first edition

- A new explanation of how Point and Figure parameters are chosen and the implications of choosing them

- Two new Point and Figure construction methods never seen before

- Point and Figure's contribution to market breadth, with a look at bullish percent and two brand new indicators

- Full discussion of Point and Figure gaps and how they provide valuable information about the chart

- Lesser known, more advanced techniques such as the use of moving averages, parabolic SAR and Bollinger Bands on Point and Figure charts

- Price and volume activity histograms and how they provide information about support and resistance

All this is illustrated with numerous colour charts and observations from years of trading experience.
According to du Plessis, Point and Figure charts are the 'voice of the market'. This book helps you listen to, and understand, that voice.
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Old Sep 15, 2012, 11:26pm   #348
 
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Re: learning to read price action with p/f charts

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- Point and Figure's contribution to market breadth, with a look at bullish percent and two brand new indicators

- Price and volume activity histograms and how they provide information about support and resistance
That's a really good find dentist, as Amazon only have 15% off the price at £59.46

I'll be particularly interested to see what he says about the market breadth charts, as as you know from my market breadth thread, I use the point and figure charts of the Bullish percents and the NYSE percentage of stocks above their 50, 150, and 200 day moving averages charts, plus various other ones as defined over the years by Investors Intelligence and Dorsey and think that they are the best tools to help with broad market timing as they show what's going on under the surface of the market.

I also use the Price by Volume on every chart nowadays to help find the key support or resistance levels. For example in the gold chart below you can see on the price by volume on the left of the chart that the major volume resistance was up to the 1680 level, and now we are through that the 1720 to 1740 range is where the more minor volume support is.

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Old Sep 16, 2012, 8:30am   #349
 
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Re: learning to read price action with p/f charts

dentist007 started this thread 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

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Old Sep 16, 2012, 11:43am   #350
 
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Re: learning to read price action with p/f charts

dentist007 started this thread hi Isatrader
it looks like the two new bp things are
1.bullish trend %
2.column "X" percent
ok...so i think that
1.% of stocks with a price above a bullish trendline..ie 45 degree trendline...a log box setting
that sounds more useful than normal bp%
2."X" column percent...so % of stocks in an "x" column..same again..log box size
all depends if you can tune it to 1,2 or 3 box reversal
1 box reversal could be quite useful
so...all in all a couple of useful market breadth tools
however..it still does not take you away from looking at the screen for trend/supp/res
just look at brby...nearly all stocks rallied and that one has been in a downtrend for some time..in fact it tanked last week..no more designer bling....
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