Point and Figure charts make it Brain Dead Simple.

Ted Burge Has Had Over 100 FollowersPrevious "Hall of Fame" ChartList Author Rank: 10 Followers: 142 Votes: 280 Years Member: 14 Last Update: 23 October 2016, 15:28 Categories: Point and Figure Charting
Support / Resistance Lines

Brain Dead Trading with PnF charts.

Update for October.

October 21st!. Net this month we have had 235 PnF sell signals (up 15 today) and 540 stocks moving to O's .(up 7 today)

Sept 30, 2016 Net this month 58 PnF Sell signals with a net +37 stocks moving to X's. Just the facts!

Aug 31, 2016 So far in August we have had a net 136 PnF BUY signals and net 500 stocks to O's.Basis all US equities trading more than 1000 shares today. Just the facts!

Just the facts! If O's start to accumulate (supply) they are the precursor to sell signals.

Just another way of objectively defining the trends of supply and demand and it works.

Just the facts.

The e-book explains the methodology to Objectively define Support and Resistance using any chart in any time frame.

Once you understand it, 'it's brain dead simple'!

Simply watch what price does at objectively defined support and resistance.

Readers have coined the term the 'Ted Lines'!

PnF charts are the 'yeast that raises the dough!


..$GDM - Daily Candlesticks, 780

This index responds in a different way than the instruments based on physical Gold. The 20 SMA is still support and has been challenged on some of the other Gold instruments.

....86. GLD - Daily Candlesticks, 780

The principle is that price is King and the 20 SMA is the line between a bullish and a bearish bias.. If it dips below the 20 SMA it is a sign of increasing risk.

....981. $GOLD - Daily Candlesticks, 1024

This chart shows the end of day price only. Watch price direction if and when the 20DMA is lost as support and it is also a Tedline something is going to happen!

....988. $GOLD percentage PnF chart

Percentage PnF chart where the box sizes increase in value based on 1% of the closing price.

...771. NYSE Composite Index ($NYA) MONTHLY CHART

Closed Aug 24, 2015 at 9509 and one year later on Aug 4, 2016 at 10,791.

Where is price NOW compared to the closing price of December 2015 at 10143.42!

..411. NASDAQ 100 Shares (QQQQ) candle

Now the activity is at 115.00 +/- a small margin of error.

Now we can see that within the margin of error of 1/2 of one percent that 104 +/- .50 cents has been an important level before.

One message! If you know how to to accurately find support and resistance you can make it work for you.

If you don't know, what you don't know! It's in my e-book!

It is all about objectively defining where price has changed momentum or direction in the past. These are the TED Lines and they are posted in advance are are light years ahead of any other indicator.

..42. QID - Daily Candlesticks, 1024

Added on May 18, 2015 with Tedlines based on a 60 minute PnF ATR chart

..43. QLD - Daily Candlesticks, 1024

..433. QLD - 60MN PnF, 460

Marxh 9th a 3 box reversal to O's considered normal price activity.

1. $INDU - Daily Candlesticks, 1024

Close December 2015 was 17,425.03

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