What makes P&F Charts different is that is shows trends, without regard to time. By that I mean that it shows the ups and downs, and it doesn't matter if it was up over a three-year period or a three day period, the left-to-right has no real connection to time. It IS marked with dates, but they don't have to be equal horizontally. For example, in the chart above, the years of 2005 and 2006 are shown, but you see the year 2007 has more ups and downs that the previous two years, therefore it is extending out to the right more.
First point: P&F charts show upward and downward move trends, not linear time.
The BEST place for learning the basics is this website at this link: For more in-depth reading, see: http://www.tradejuice.com/technical-...re-charts.html
There you will find a much better school than I can offer here- as they explain the X's and O's with tables, and I haven't yet figured out how to place HTML tables within this TSPTALK boards.
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