Australia's largest stock trading and investment forum Australia's #1 stock forum

Wyckoff trading method, page-1798

First 1798 Last

Share
Profile

Follow
gypaetus

1,270 Posts.

21/04/17

08:00

Post #: 24183327
Share

Originally posted by Incongruous ↑

The MSB PnF chart is showing the action since December 2014. Your MSB bar chart is actually only spanning the last six columns of the PnF chart (see the red box in the image). PnF isn't time-based but event-based. One column can take days or weeks or months to make depending on the action. If a stock just moves sideways within the limits of the reversal amount the PnF chart won't make a new X or O at all. Think of it as recording waves rather than bars.

View attachment 552699

Expand

Cheers @inconruous
So is this right? The green lines represent the Xs and the red lines the Os, with the last bar of Xs actually being the last bar on the bar chart?
Upvote

Reply

Top Stories

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

HotCopper Highlights: Your most watched stocks for Week 47, 2024

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer’s drug could change the game

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

There are more pages in this discussion • 661 more messages in this thread...

First 1798 Last

SPONSORED BY