You can make any P&F work
yes that software has limitations..
To have an effect
You need a sufficient cause..
the work in an active trading range
builds a special cause....A number of factors are at work..
Fundamentals unfolding becoming known to some one lead to
a technical position forming ( numerous factors at play )
weaker hands being replaced by stronger hands
( What produces markup )
identify
preliminary support ( first signs of demand absorbing supply )
last point of support ( accumulation completed )
You are not far off..
It is not time that moves the P&F sideways
All trading ranges are equal in time
but different in terms of congestion on P&F charts
If time does not do the work of making the chart move
What does ?
Supply and demand taking it in turns
is the only thing moving the chart
some pointers
the ultimate cause is earning power
But paradoxically the first evidence of what real earning power will be
is seen in the work of the P&F chart
which since it is not time
Must be something else..
The implication
is both a guide and performance measure
the chart moving sideways carries with it implication
A cause.. which until realized is only a potential..
How can a P&F chart possibly move sideways
active buying and selling
the one that gives out indicates
that the other was smart...
motorway
yes that software has limitations..
To have an effect
You need a sufficient cause..
the work in an active trading range
builds a special cause....A number of factors are at work..
Fundamentals unfolding becoming known to some one lead to
a technical position forming ( numerous factors at play )
weaker hands being replaced by stronger hands
( What produces markup )
identify
preliminary support ( first signs of demand absorbing supply )
last point of support ( accumulation completed )
You are not far off..
It is not time that moves the P&F sideways
All trading ranges are equal in time
but different in terms of congestion on P&F charts
If time does not do the work of making the chart move
What does ?
Supply and demand taking it in turns
is the only thing moving the chart
some pointers
the ultimate cause is earning power
But paradoxically the first evidence of what real earning power will be
is seen in the work of the P&F chart
which since it is not time
Must be something else..
The implication
is both a guide and performance measure
the chart moving sideways carries with it implication
A cause.. which until realized is only a potential..
How can a P&F chart possibly move sideways
active buying and selling
the one that gives out indicates
that the other was smart...
motorway