hey dentist007 I really like your the examples you post. I have read many books on point & figure, and I learned that tick data to one 1 min is idea for this method. How does this effect your trading when the higher time based chart re-draws itself until that time period is done? Doesn't this hurt the accuracy of your analysis? Right now I'm using stock charts for point and figure, in your opinion how are they compared to bulls-eye? I also want to thank HolyGrail for starting up this fantastic discussion.
Hi ddobbs books...u read duplessis that is all u need he teaches you about one box reversal..an essential for trading 3 box reversal are too clumsy to trade from all you need to know is in that book accuracy of analysis....well,that is subjective tick/1 min usually little difference..the scene will have been set from higher time input.. stock charts/bullseye comparison... stockcharts are calculated properly.so no problem there stockcharts are too clumsy for trading..imho the reason..trends are the most important aspect of any chart..so you need to place trendlines on the chart as first option,especially with p/f. trendlines on p/f are constant change per reversal candle/bar,,trendlines are constant change per unit of time a big difference.that is youre advantage when you use p/f. so trendlines need to be put on quickly..45 degree and subjective..this you cannot do in stockcharts...but you can do with bullseye the chart should be broken down into bullish and bearish sections using trendlines
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
spx 30 min data from 25 july we can see tyhe latest blowoff from 4sept/thick green line when market anticipated qe3
now we go down to 10 min data and look at that last blow off to see where s/r lies and whether it will hold