Trade setups: P&F and Candlestick
by PRASHANT SHAH -
P&F and Candles P&F techniques can be traded along with your current methods and systems. Candlestick formations are very popular and widely followed patterns. Point & Figure and Candlestick charts can be analyzed simultaneously to embrace the strength of each other. Below are some ideas. Long P&F columns Long P&F column display trend, there could ... Read more
Engulfing Swing Price Pattern
by PRASHANT SHAH -
Engulfing Price Pattern Below is a picture of Bullish and Bearish Engulfing Candlestick patterns. Abullish candle that engulfs the body of previous bearish candle is known as a Bullish Engulfing candlestick pattern and a bearish candle that engulfs the body of previous bullish candle is known as a Bearish Engulfing pattern. But why only two sessions? ... Read more
Finding trades using two charting methods
by PRASHANT SHAH -
A method of identifying trades using properties of two charting techniques. 1) Look for Anchor column in Point & Figure. I call Long column of ‘X’s or ‘O’s as Anchor column. They represent strong trend / momentum. 2) Look for breakout in that column. Better if there is a major pattern like bear trap, follow-through ... Read more
Pullback Price pattern
by PRASHANT SHAH -
Pullback Price patternPullback pattern can be defined as a pattern of retracement after prior breakout. If I draw a bullish pullback pattern on a piece of paper, it will look like below image. So, there are three aspects: Bullish breakoutFollowed by retracement upto the breakout level of the patternMove up again Let’s make it objective on ... Read more
