Learning to read Price Action with P&F Charting

Yes, at 3.08 you have a reversal. You place the first x at 3.04
the second at 3.06, and
the third at 3.08

 

I know I am not making myself very clear so I will try again.

I trade with buttontrader which has a tick chart in front of me.

If I am trading on a 1 point chart I know that I can add 3 points to the lowest tick of the current column, and that is where I will have a reversal of o's to x's. On a .75 chart it will be 2.25 points away. On a .5 it will be 1.5 points away etc.

 

Perfect! Thank yuo SO much for the help!

I'll play with this a bit, see if I have it, and annoy yuo with my understanding of the completed example tomorrow.

Happy Easter!

 

Hey I have all the patience in the world for people that WANT to learn.

Happy Easter.

 

Investor R/T has P&F charting now - http://www.linnsoft.com/pnf/index.htm

 

That is exactly what I have been looking for. Thank you so much.

 

Teamwork my friend -

T ogether

E veryone

A chieves

M ore

 

I have found DTN.IQ feed to work best with Inv R/T if that helps any. Now if you are not worried about critical volume data then you can use IB data (the IB snapshot data does not work good for the Inv R/T "VB" Volume Breakdown tool as a heads up).

 

I was hoping to use IB feed. Not good?

 

I added comments to my previous post - you can use IB data also.