P&F Setup
by PRASHANT SHAH -
P&F Setup P&F setup is a very simple method designed using unique, simple yet smart features of P&F charts. It is applicable on all charts and all time frames. P&F setup consists of two components: Pattern and Trend. Patterns Patterns in Point& Figure chart can be clearly defined as bullish or bearish. All major patterns ... Read more
Pattern Cluster
by PRASHANT SHAH -
We discussed the concept of pattern cluster in Chapter 5. The best trades can be generated when there is a significant pattern visible across different box-values, especially when there is a breakout pattern on higher box-value and some failure formation in the lower box-value or time frame. When setup has got breakout and failure as ... Read more
Trading Pattern Failure
by PRASHANT SHAH -
Failure It may be recalled that the conditions that trigger a pattern failure were discussed along with the pattern concerned. Objectivity while defining the patterns helps in clearly defining the failure criteria as well. A Failure or negation of a pattern is a significant piece of information that should not be ignored. Negation of bullish ... Read more
BOOST: A Multi-timeframe trading system
by PRASHANT SHAH -
Major advantage of Point & Figure chart system is that it is objective in nature and gives us opportunity to design different types of systems or patterns that we observe in markets.Below is an idea of a trade system or pattern on multiple timeframes.Concept: A stock should be in uptrend on higher timeframes, or it should ... 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
