PFtrader

I just had to include this one also. SPRT. High risk - high reward? I normally do not like these companies that are driven by news, but this pharmaceutical company apparently had a drug approved or something and the news made it blow through the roof. Now we are in a pullback after that news, and perhaps at a place where we might see a reversal. http://www.paf.am/?di=E6D8 About halfway of closing the gap. Normally a Wyckoff trader would consider the half-way point from top to bottom of pullback. When we're having a gap, we must look at it another way. Gaps want to be filled. That is one of their only reason for living.... A strong stock will not fill its gap, but it still wants to be tested. If we don't fill the gap, we are dealing with a strong stock. Now, the point & figure chart just looks like a column of X and a column of O. Interesting to not when we're talking about half-way points - the column of X is 44 boxes, and the column of O is 22 boxes - and for those of you that know basic math, that is half. http://www.paf.am/?di=9XDO

Then some Rock n roll: ROK The last three days have been exceptional. The formation leading to that crazy breakout is quite strange with lower lows and lower highs. That's what some people would call a flag. Chart patterns were my introduction to price action analysis and trading. From that I moved to Richard D Wyckoff's work, and later simplified my own analysis with heavier focus on Point and Figure and confirming analysis on bar charts or candle stick charts. http://www.paf.am/?di=UY99

Then we have PHM. Never heard of em... PulteGroup, Inc., through its subsidiaries, engages in homebuilding and financial services businesses primarily in the United States. Alrighty then, homebuilders. People need homes right? Point and figure analysis - old resistance became support in the 17 level, now we are at resistance, or double top. We have a major diagonal uptrend in the bar chart. Strong. http://www.paf.am/?di=IELW

Next technical analysis is DE - Deere & Company. These guys make tractors! Tractors are apparently selling well, because we are breaking out of every resistance point there is. The point and figure 45 degree down trend line, and any minor resistance on the way. Now we had a slight pullback, a trading range above the resisitance "creek" on diminishing volume. Also here we can see the Wyckoff spring in first part of october. You had to be cool to enter on it, but you had also been happy with your profits. http://www.paf.am/?di=XVM8

Today I have four strong stocks. These are in the Utilities group that has performed well and been a market leader for a period. First a technical analysis of AME here we broke through the resistance at around 35.50. Now we seems to have a quick pullback on lower volume and I would not be surprised to see us head up if markets want to go higher from here. We can notice a nice wyckoff spring at the end of the trading range before the breakout. For Spring traders this was just screaming out to buy. Springs are something I have always had trouble with, although they are a very reliable signal. With some hindsight in technical analysis they are a great confirmation in my opinion. http://www.paf.am/?di=K6ZJ

ECL is another stock on my list. I really like the uptrend it is showing on the daily and weekly point & figure charts. The candlestick charts shows the latest strong upmove on high volume and BIG bars. Somebody really wants to own this company, but taking a breather at the previous resistance, now acting as support. A pullback to the side of the creek - for using the Wyckoff trader lingo. Daily Point & figure chart http://www.paf.am/?di=K3JL with weekly point and figure chart: http://www.paf.am/?di=65MA

Let's have a look at URI, a stock I have been interested in a long time. Nice fundamentals and all. We have quite a nice setup. We had a strong up move on heavy volume over the 37-38 area, gapped up even. Had a pullback/flat for a few days on much lower volume and then shot up again on heavier volume. Another pullback/breather now, let's see the future. http://www.paf.am/?di=IYWH

Looking at REED technical analysis today. On the 1% point and figure chart we are at a nice level of support at this level: http://www.paf.am/?di=BWUI On the Candle stick chart we can see the nice uptrend. The last candle tried to go down but closed at the top - a bullish sign. http://www.paf.am/?di=47BH

Here is a standard Point and Figure analysis / Wyckoff Technical analysis setup for AAPL that I have been trading with success this past year. http://www.paf.am/?di=PWB8 This is what I usually look at in my technical trading: P&F chart of the stock. Bar chart of the stock. A P&F chart of the market (S&P 500). The Relative Strength versus the market. Usually I don't do RS analysis of the sectors. I get a fairly good view on the strong and weak sectors to avoid just by viewing their charts. As long as we are stronger than market, we're usually golden. So what about the analysis of AAPL? We are in a down trend with some kind of support at around 580. We already broke the 650 support. (And I got stopped out.) We went back to lick it (Wyckoff test of ice, guys). Markets seem to want to go south, but is hesitating a bit. AAPL is short-term weaker than the market which is generally not a good sign. AAPL has been a market leader for a long time, and when the market leaders stop going up, normally the rest of the pack will follow it sideways or down.

Welcome! Here is my trading journal with my: technical analysis, point and figure charting, market analysis, sector analysis, Richard D. Wyckoff method analysis, relative strength analysis, and inner thoughts and feelings. In my trading I have been using point and figure and the Richard D. Wyckoff method for many years now. I usually do top-down analysis by first identifying the market setup, I then do sector analysis and relative strength analysis to find the strongest or weakest stocks in the strongest or weakest sectors. In my investing I combine fundamental analysis with the above and I use a few exceptional market timing signals for longer term bullishness or bearishness. These have showed to be far more accurate than my own feelings, so I’d rather trust the professional quantitative analysts than my own emotions. These signals are also used in my shorter term trading. I will start this trading journal where I gather my thoughts and post my trading ideas. Instead of writing this down in my paper journal book, I’d might as well post it here if anyone is interested in reading. These are my ideas, and you are invited to follow me. I like to exchange ideas and learn from my readers as well.

Hi Sharehunter Did you know that Bull's-Eye Broker will release their new software during fall? It will have Real-Time charting, and they have Wyckoff charts. I have signed up for beta testing, and was told I could start testing in end of September.

Bull's-Eye Broker is the one point and figure software I use, they have a very good means to define your own box size at different price levels. Like: Price 0-10 use box size 0.5 Price 10-20 use box size 1 Price 20-40 use box size 2 or anything you can think of. Point and Figure charting software Bull's-Eye Broker

1. I use the software Bull-Eye Broker. Best value in my opinion. I have understood they are set to release a new version soon with real time charts etc 2. I use EOD data, which is perfectly good enough for my mid- to long term trading. For daytrading I suppose you will want to use 1 minute or even tick.

I agree totally, and I would even add a "Talk about keeping it simple"! :-) I love the point and figure method and I would rather suggest getting a dedicated point and figure charting software like Bulls Eye Broker (Point and Figure charting software Bull's-Eye Broker) where you can better analyze the actual point and figure charts clearly than to "follow some dots". :doh: I tried to start a point and figure charting thread before but I didn't have time back then to continue, I should really find time to keep it up. For point and figure beginners I would recommend reading the point and figure book Point and Figure Method of Anticipating Stock Price Movements It can be read online for free

Mr. 156 - you should definitely check out the free point and figure book Point and Figure Method of Anticipating Stock Price Movements I read this one before many times it is now published online also

Sorry been away for quite some time and haven't had time to keep up the posting. Have been charting though and there have been nice trades. At least in my opinion point and figure is ideal as I can be very busy with other things but there is always time to have a loook at the point and figure charts since it is so quick. There's also a free ebook Point and Figure Method of Anticipating Stock Price Movements if you want to learn, but I will continue posting here as soon as the avalanche of work I have is over.

ticker ATI The downtrend has now turned, the old resistance is now support. The rally from support is with very strong Relative Strength.

3M (MMM) had a nice breakout from the 65 level, and also broke out from the downtrend at the same time. With strong relative strength. Let's see how MMM fares.

Forgot to mention that my charts were Adobe ADBE and SP500.

Attaching two of my analyzed charts. Will be posting more analysis as time goes by. I am using Bull's-Eye Broker point and figure charting soft as my only trading tool. I have been keeping point and figure charts by hand earlier but finally chose to start using the PC. Usually point and figure charts are enough. Sometimes I look at bar charts if there is something I need to analyze in more detail. Also attaching the very overbought Bullish % calculation!

I just bought Bull's-Eye Broker point and figure charting software. Do you have any experience of vertical and horizontal counts for profit taking, and which one of them is more accurate? Is there a great difference between them, or do they usually project the price objectives at similar levels. The concept is explained in this link. Point and Figure charting software Bull's-Eye Broker Is it better to use price objectives or is it better to close your position at the next opposite signal. I.e. if you have bought, should you sell on the next sell signal?