23 replies to this topic

[vitaminm]

XAU/pnf target

http://stockcharts.c...;XAU,PLAADANRBO[PA][D][F1!3!1.0!!2!20]&pref=G

It all depends......... XAU/pnf target

http://stockcharts.c...?...;20]&pref=G

John,
What's correct method to read pnf charts?

[johngeorge]

XAU/pnf target

http://stockcharts.c...;XAU,PLAADANRBO[PA][D][F1!3!1.0!!2!20]&pref=G

It all depends......... XAU/pnf target

http://stockcharts.c...?...;20]&pref=G

John,
What's correct method to read pnf charts?

vitaminm

Buy/Sell Signals
Upside and downside breakouts can be used as buy and sell signals respectively, and are also vital in the construction of trend lines. When a column of X's rises one box above the top of a previous X column, a buy signal is given. Contrarily, when a column of O's declines one box below a previous O column, a sell signal is given.

As an example in the pnf chart you posted using the column of O's which has the letter A at it's bottom; that column of O's gave a sell signal @ 135.71. The next buy signal was issued @ 145.64 as that column of X's exceeded the previous column of X's. The last column, which is O's, issued a sell signal @ 131.23 because is was lower than the previous O column.

Decreasing the Box Size will yield more signals as the charting will become more volatile. My pnf chart utilizes a "percentage" as opposed to a "traditional" chart as well as a smaller box size. My chart will then give more buy and sell signals.

Information is available on pnf charting at stockcharts.com You may find the information at this link useful.

Best to you.

[vitaminm]

XAU/pnf target

http://stockcharts.c...;XAU,PLAADANRBO[PA][D][F1!3!1.0!!2!20]&pref=G

It all depends......... XAU/pnf target

http://stockcharts.c...?...;20]&pref=G

John,
What's correct method to read pnf charts?

vitaminm

Buy/Sell Signals
Upside and downside breakouts can be used as buy and sell signals respectively, and are also vital in the construction of trend lines. When a column of X's rises one box above the top of a previous X column, a buy signal is given. Contrarily, when a column of O's declines one box below a previous O column, a sell signal is given.

As an example in the pnf chart you posted using the column of O's which has the letter A at it's bottom; that column of O's gave a sell signal @ 135.71. The next buy signal was issued @ 145.64 as that column of X's exceeded the previous column of X's. The last column, which is O's, issued a sell signal @ 131.23 because is was lower than the previous O column.

Decreasing the Box Size will yield more signals as the charting will become more volatile. My pnf chart utilizes a "percentage" as opposed to a "traditional" chart as well as a smaller box size. My chart will then give more buy and sell signals.

Information is available on pnf charting at stockcharts.com You may find the information at this link useful.

Best to you.

Thanks.

XAU

http://finance.yahoo...U&amp...0&a=&c=

[dougie]

Silent: why so sure 400 is the limt? (not that i dont agree)