Bibliography
by PRASHANT SHAH -
(In alphabetical order) Aby, Carroll D. J. Point & Figure Charting: The Complete Guide. Grinville, SC: Traders Press Inc., 1996. Bollinger, John. Bollinger on Bollinger Bands. New York, NY: McGraw-Hill, 2002. Bulkowski, Thomas N. Encyclopedia of Chart Patterns. New York, NY: John Wiley & Sons, Inc., 2000. Carney, Scott M. Harmonic Trading, Volume One: Profiting ... Read more
OBV P&F
by PRASHANT SHAH -
Volume Indicator P&F Charts On Balance Volume, invented by Joseph Granville, is a most basic volume indicator. It adds the volume to the previous total when price rises, else it is deducted. OBV indicator calculated on usual charts when plotted using Point & Figure method becomes very simple to read due to the clear and ... Read more
P&F of Indicators
by PRASHANT SHAH -
Indicator as Point & Figure A 14-day RSI is a popular indicator on bar and candlestick charts. Same indicator plotted in P&F charts is featured below. Figure 11.3.1: Nifty 14 day RSI line chart and 2% x 3 Point & Figure chart This way, noise of RSI indicator can be removed and plotted for reading ... Read more
FAST Strategy
by PRASHANT SHAH -
A FAST FAST is a strategy for intraday trading in stocks. Stock selection, entry and exit levels are clearly defined in FAST strategy. There are two important points in this strategy: Anchor columnStock that is in news Being in news, there is more volume and attention to the stock. Anchor column is a price confirmation. Reason ... Read more
DIP Strategy
by PRASHANT SHAH -
We discussed about Disparity index method of identifying stocks in pullback trend in the last newsletter. I also explained how to create scanners using it. How about adding a condition for confirmation to the pullback pattern. For example, looking for column of‘X’ after pullback.Below is a condition for the strategy. Bullish Disparity Index Pullback X ... Read more
A method of trading long-important support & resistance levels
by PRASHANT SHAH -
A method of trading long-important support & resistance levels Double-top and Double-bottom are conventional support and resistance patterns. These price patterns can be made objective in Point & Figure chart by defining a condition ‘O’ at same level or ‘X’ at same level as shown below. In fact, it is the reason why these patterns are ... Read more
