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; hi mallaguti/john reserved a table in a booth at slug and lettuce /kingston sat 21st july ...3pm it will seat ...

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Old Jul 1, 2012, 3:54pm   #274
 
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Re: learning to read price action with p/f charts

dentist007 started this thread hi mallaguti/john
reserved a table in a booth at slug and lettuce /kingston
sat 21st july ...3pm
it will seat up to 6 and their is a power outlet under the table for the laptop.they have wifi also
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Old Jul 1, 2012, 7:31pm   #275
 
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Re: learning to read price action with p/f charts

dentist007 started this thread s&p 500 index
daily data
12 point box size by 3 reversal
close plot

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Old Jul 2, 2012, 7:28pm   #276
 
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Re: learning to read price action with p/f charts

dentist007 started this thread s&p 500 index
hourly data
on another fake

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Old Jul 2, 2012, 11:12pm   #277
 
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Re: learning to read price action with p/f charts

fake?
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Old Jul 3, 2012, 11:53am   #278
 
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Re: learning to read price action with p/f charts

Hi Dentist,

One chart I find interesting at the moment is the SPY:TLT ratio. This is a 1% percent chart with a 1 box reversal setting. Because of the inverse relationship between the S&P 500 and the 30 Year Treasuries, I find that this gives fairly good signals of when to be long the market and when to be short. I don't use this alone, but it's another tool.

Currently it's given it's first short term buy signal since it moved to the sell side a few months ago in April, and confirmed the move down in early May. I think the best signals on this particular chart is when it makes a trend line break so it's not there yet, but is getting closer.

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Old Jul 4, 2012, 8:07am   #279
 
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Re: learning to read price action with p/f charts

dentist007 started this thread thanks isa...good chart
u need to track that latest uptrend with some lines..for strength and weakness
plot the above resistances and see the reaction at those if it carries on moving up
better still.....if malaguti could post the same chart....but normalised relative strength....same box size 1% close with a look back period to say aug 2010
normalised rs cannot be plotted on stockcharts...but gives a better picture imho
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Old Jul 4, 2012, 11:36am   #280
 
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Re: learning to read price action with p/f charts

Quote:
Originally Posted by dentist007 View Post
thanks isa...good chart
u need to track that latest uptrend with some lines..for strength and weakness
plot the above resistances and see the reaction at those if it carries on moving up
better still.....if malaguti could post the same chart....but normalised relative strength....same box size 1% close with a look back period to say aug 2010
normalised rs cannot be plotted on stockcharts...but gives a better picture imho
Attached is the stockcharts chart going back to the beginning of 2008. I only look at the major trendlines personally as the breaks of those have done a fairly good job for the last four years. Going for quicker moves would have caused a lot of whipsawing, so I feel it's useful as a guide of major trend, but not for short term moves.

Click the image to open in full size.
Click the image to open in full size.
Click the image to open in full size.
Attached Thumbnails
sharpchartv05-18.png   sharpchartv05-17.png   sharpchartv05-19.png  

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