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I am not a stockbroker. I retired four years ago and learned charting. The opinions expressed in my posts are my own. Do your own DD and accept or reject my comments as you please.

man i cant wait to study this, i always wanted to know how to read P&F charts!!

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Wow Naam, you must not have slept last night to have put together such an extensive tutorial as this. cant wait to read it.

-Ug

A must read folks... PnF is a great system to understand and worth your time 8)

Thanks Naamplao

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__________________
I am not a stockbroker. I retired four years ago and learned charting. The opinions expressed in my posts are my own. Do your own DD and accept or reject my comments as you please.

Thanks for this! I'm going to really study into this when time frees up the next couple of weeks. Been so busy lately that i haven't practiced my charting =/

I've never bothered with much beyond candlestick, so this is fascinating stuff! Can you clarify the method for calculating the estimated drop when support is pierced?

"To do this calculation, you count the number of columns at the widest point when it fell (horizontal green line) and there is 5 of them. Multiply it by the amount of boxes to a reversal (3 in this case) So 3x5 = 15."

The columns across is simple enough, but I'm confused as to how you got the multiplicand of 3.

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__________________
I am not a stockbroker. I retired four years ago and learned charting. The opinions expressed in my posts are my own. Do your own DD and accept or reject my comments as you please.