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

Dentalfloss

Legendary member
61,889 3,672
Where is supp and rez
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cantagril

Senior member
3,239 961
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
I abandoned BEB some time ago as I couldn't get any support from the seller. I do like yr new approach and it makes a sort of sense...but the p&f I'm using is pretty much OK for me as it's on a platform I use to trade as well so I'm not deprived. I think the line/bar charts do enhance things but I'm not yet at a stage where I can "see" the raw timeless pa behind the chart. More hours and less distractions needed.
 

Dentalfloss

Legendary member
61,889 3,672
I abandoned BEB some time ago as I couldn't get any support from the seller. I do like yr new approach and it makes a sort of sense...but the p&f I'm using is pretty much OK for me as it's on a platform I use to trade as well so I'm not deprived. I think the line/bar charts do enhance things but I'm not yet at a stage where I can "see" the raw timeless pa behind the chart. More hours and less distractions needed.
One thing about p/f i did not particularly like was all the fiddling with box sizes and reversals
 

Dowser

Experienced member
1,509 361
How do you determine what a 45 Degree line is on a time based chart? I would have thought it impossible. You could express gradient as points per hour for example but if you draw what looks like a 45 degree line and then stretch or shrink either axis, or indeed change time frame, it's no longer a 45 degree line! I'm confused.com
 

cantagril

Senior member
3,239 961
How do you determine what a 45 Degree line is on a time based chart? I would have thought it impossible. You could express gradient as points per hour for example but if you draw what looks like a 45 degree line and then stretch or shrink either axis, or indeed change time frame, it's no longer a 45 degree line! I'm confused.com
yeh, wot he sed! :)
 

Dentalfloss

Legendary member
61,889 3,672
How do you determine what a 45 Degree line is on a time based chart? I would have thought it impossible. You could express gradient as points per hour for example but if you draw what looks like a 45 degree line and then stretch or shrink either axis, or indeed change time frame, it's no longer a 45 degree line! I'm confused.com
The 45 degree lines are from the top/bottom or any other reaction point.They are a projection of the trend..no more and are usually nearly specific to that timeframe
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Dowser

Experienced member
1,509 361
The 45 degree lines are from the top/bottom or any other reaction point.They are a projection of the trend..no more and are usually nearly specific to that timeframe
View attachment 277592
I can understand that from a P&F perspective but I can't understand how that translates on a time based chart. Yes, you can draw a 45 degree line in ProRealTime but if you adjust either axis, it's no longer a 45 Degree line. And I understand that the purpose of drawing lines is to help determine who has control, it's just the 45 degree bit that has me baffled !
 

Dentalfloss

Legendary member
61,889 3,672
I can understand that from a P&F perspective but I can't understand how that translates on a time based chart. Yes, you can draw a 45 degree line in ProRealTime but if you adjust either axis, it's no longer a 45 Degree line. And I understand that the purpose of drawing lines is to help determine who has control, it's just the 45 degree bit that has me baffled !
Here lies the secret.

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