Best Thread learning to read price action with p/f charts

f2calv

Experienced member
1,317 278
that looks interesting, i would be interested in trialing. using the data you mention, how much history can you get? note the screen shot mentions august last year but obviously i dont know when the screen shot was taken. if you can get 6 to 12 months that would be very useful. I dont use PnF same as these guys, i am only really interested in the PnF count for identifying possible targets.
Following on from my last blog, if this works for me i would probably still use Updata for day to day but your program may allow me to take the cheaper £100 option then use your program for long term PnF counts.

Any timeframe is possible with the current data source, however my application doesn't do counts/targets - although I could be persuaded to enhance my code and add targets in ;)

Note: I never added targets in because I simply wasn't convinced in them, I've read the du Plessis books cover to cover and targets just looked a little too much like pipe-dreams. For every occurrence where the targets are met I can find just as many where they aren't...

Sending you a pm
 

PaulVic

Newbie
7 1
Any timeframe is possible with the current data source, however my application doesn't do counts/targets - although I could be persuaded to enhance my code and add targets in ;)

Note: I never added targets in because I simply wasn't convinced in them, I've read the du Plessis books cover to cover and targets just looked a little too much like pipe-dreams. For every occurrence where the targets are met I can find just as many where they aren't...

Sending you a pm
thats fine, as long as the columns are there to be counted that works for me. will look at PM. ta paul
 
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Dentalfloss

Legendary member
61,557 3,666
you dont need to bother with counts
David Linton /Updata does them for you...free

www.chartstoday.com
 
Last edited:

Smallholder

Newbie
1 0
just PMd you the link to register..
finally I can enjoy P&F again!

Hi malaguti,

Do you still have the link to register? My copy of BEB4 has expired and I can't find anywhere to register.

Thanks
 

Dentalfloss

Legendary member
61,557 3,666
Just wanted to update this thread.
I got very frustrated having to run to the Bulls eye to analyse a chart.I messed about with Line and bar charts to see if i could adapt the p/f method to that form of charting,meaning i could use any charting software
 

Dentalfloss

Legendary member
61,557 3,666
A line chart is equivalent to the close plot on p/f
The hilo plot...that can be adapted to bar charts
With that in mind,then we can move on
 

Dentalfloss

Legendary member
61,557 3,666
Start with a line chart/close plot...Much easier to read to define trends and s/r

Screenshot_17.png
 

Dentalfloss

Legendary member
61,557 3,666
Look at the last 2/3 trends and carve up the chart into bullish and bearish sections using 45 deg/pink or subjective trendlines/red

Screenshot_19.png
 

Dentalfloss

Legendary member
61,557 3,666
lines can be placed at the top/bottom of trends
bullish support line/Uptrend
bearish resistance line/Downtrend
 

Dentalfloss

Legendary member
61,557 3,666
Next place any internal trendlines.These can be either 45deg or subjective
They must come from a reaction point in the trend.ie a pulback in an uptrend or a recoil in a downtrend

Screenshot_22.png


Yellow is an internal/ 45 deg
 
 
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