P&F Handcharting
If you're new to P&F charting - or wondering about it - or looked them over and you're just not sure, you really should try keeping a few by hand.
Now this will probably sound a bit silly, but when I keep important indexes and stocks of interest in my own hand, I think I have a better feel for the markets than just flipping through charts. (I flip thru charts too.)
There's something comfortable about looking at the open, high, low close, volume, important ma's, indicators of interest, etc, and then updating your P&F chart. Then drawing in trendlines, writing notes right on the chart about important dates, what On Balance Volume or Chainkins Money Flow is doing, where an important ma is -- or was, note price objectives met and new counts too.
If you haven't gave it a try -- and you have an interest, start with the DOW30 stocks. You can update these in minutes.
Where to start??
I've created a various blank forms in exel format -- but, I don't use them much anymore. Here's what I do.
I open Ben's program, pick a stock or index, put in the gridlines, and print the current screen. Then I toggle up or down until there's no x's or o's showing, and print the screen. Now I have 3/4s of a page of P&F data and a blank sheet with all the grid lines. Cut off the numbers on the blank sheet and tape them to the other. You're ready to go.
You can use Chartcraft boxes, custom and log. It's easy, fun and will get you to seeing P&F patterns in a new light.
I'm not affiliated with Ben in anyway. He's got a nice little P&F program that he basically gives away.
ez-pnf.com
Take care,
Eric |
