Learning to read Price Action with P&F Charting

I have no idea what you are trying to display, but yes, bulls-eye broker can scan for any pnf signal as well as relative strength signal, or both.

For example you can look for any bullish or bearish pnf signal that also has an x or 0 column in relative strength etc.

edit: bulls eye broker also allows you to make two relative strength comparisons so for example you can use the s&p 500 and the sector of ths stock.

 

OK thanks HG, I need to just sign up for Bulls Eye Broker and quit screwing around with this free stuff.but it has given me lots of charting screen time to see all sorts of stuff in the markets, I never knew before.

The "arrows" were just replacements for the last column of X's and O's in Relative strength ^ for X's an Y for O's that would be real arrows and colors. Sorry it is so crude, but I don't have the capabilities or resources THeRumpledOne has to develop real ones just for an example.
But if you can screen only ones with x's for RS compared to S&P, and Sector, that would probalby be enough

Do they have any screens for BP%, since I haven't found any indicators for that yet.

 

I don't think you can go wrong with bulls eye broker. It's inexpensive and will pay for itself quickly.

If you are swing trading it's great because it can provide you with the bullish % index every day which IMO is critical for swing trading.

 

I agree with you about Bulls-Eye Broker. The one problem I have with the product is the basic trendline construction is not correct. Stephen made an error when he created the swing algorithm. He is aware of the problem, but it’s not worth it at this time for him to correct it. I, on the other hand, think it’s an extremely important function and should be corrected to put his software in the big leagues.

A P&F chart is either positive (trading above the Bullish Support Line [BLSL]) or negative (trading below the Bearish Resistance Line [BRRL]). There is no in-between, just as a chart is either on a buy signal or a sell signal. P&F charts are perfect for creating summarized charts like bullish percent indexes because of the clarity they provide.

Mr. Burke at Chartcraft taught me to draw trendlines and even he didn’t always follow his own rules. Dorsey followed it exactly and had his code pounders create what he wanted. For the most part, the swinglines at stockcharts are correct (I provided the programmer with the algorithm.)

Here’s a tactic, everyone e-mail Stephen and tell him to get off his butt and create the proper swing algorithm : ) He’s knows what it is.

 

If you are looking for a FREE Overall NYSE Bullish Percent Chart, that is updated daily after market:

http://stockcharts.com/def/servlet/SC.pnf?c=$BPNYA,P

 

Is anyone that's following this post , swing trading a portfolio of stocks (large or small) that they don't attend day and night.

Do you select a proportional mount of shorts to go with the longs to protect against market fluctuations?

If one isn't there to counteract the market trend all day, it seems it would be better to pick a portfolio that has a proportional amount of each

After watching how a couple portfolios performed the last two weeks, Last week I was a King, this week I'm a Chump.

Right now, my mediocre long positions are dragging down the great positions.

I haven't touched anything in my portfolios yet, because I want to see how they do in different trends, and its obvious that even p&f signals don't make you immune to the market, but a few good home runs like CSIQ, PERY and ZEUS will keep a person afloat.


Thanks

 

This is what I do.

When bullish % is in an x column I will only go long on stocks. If it has a 0 column I will only look for shorts.

If an 0 column appears in bullish percent I will then look at the relative strength of any longs I own. As soon RS turns negative I am out of the stock.

If the bullish % is positive but over 60% I will put a trailing stop on all long stocks. If bullish % dips below 30 percent I will place a trailing stop on all my shorts.

 

a slight change of direction.the forum is about p/f price action.all we seem to be doing is talking about stock tips.
anyway here is an intraday chart for eurodollar,you can definitely see the trend is up.eurodollar deposit rates are showing tha interest rates in euroland are going up a tad.hence the chart is looking very bullsih.any comments.??
hourly data.5 points box size.data plot is hilo range.3 box reversal

 

here is the longer term chart.daily data.3 reversal.box size 100 pips

 

here is a hot topic at the moment..oil.the etf for brent crude.box size 0.5 by 3 reversal.with some price targets from vertical counts