Point and Figure charts make it Brain Dead Simple.

Ted Burge Has Had Over 100 FollowersPrevious "Hall of Fame" ChartList Author Rank: 14 Followers: 147 Votes: 389 Years Member: 12 Last Update: 19 December 2014, 18:55 Categories: Point and Figure Charting
Support / Resistance Lines
Currencies

Brain Dead Trading with PnF charts.

www.tedslines.com

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' and what you see on the candles charts are Support and Resistance based on PnF analysis.

Less

....9. $WTIC - Daily Candlesticks, 780

Light crude back to the levels where there was a turn back in 2009. Some similarities to other commodities.

...86. GLD - Daily Candlesticks, 780

The principle is that price is King and when it finds previous levels of support (or resistance) it will 'remember'! 114 .45 is the number. The PnF chart below has a bottom at 114 as well going back to July of 2010.

.8C. $HUI- Daily Candlesticks, Very Wide 8D

Look left to be right. HUI trying to make a move at the same price as it did in the fall of 2008! (150)

.8cc. $HUI ATR 40 PnF chart

All the way back to October 2008 to see the last place that the $HUI turned around. (Look left to be right).

1. $INDU - Daily Candlesticks, 1024

Dec 12th Down 678 points on the week

Dec 5th. Up 130 points on the week.

Nov 28th. Up 18 points on the week.

Nov 21st. Up 176 points on the week.

Nov 14th. Up 61 points on the week.

Nov 7th. Up 183 points on the week.

11. $INDU - Monthly Area, 1024

Nov 7th! As of the close the DOW has gained over 4500 points since November of 2013. The horizontal line is simply a reference point.

11.$INDU Traditional PnF chart

October 13th, 2014 16350 is a quadruple bottom at 16350 with a box size of 50 points price must go as low as 16300 or lower for the quadruple bottom to be breached.

A triple top last June and July (6 & 7) and a quadruple bottom breakdown on October 1st at 16950

111 $BPNDX - Default Style

When bullish percent falls from above to below 70% it is time for a defensive position.

When Bullish percent moves from below 30% to above 30% its time to shift the bias. Fell below 70% when options expired in September.

Today is Friday Oct 17th and it's back to options expiry day, exactly one month later.

12.$COMPQ - Daily Candlesticks, 780

Watch what happens, and then stop watching and learn how to avoid mistakes! www.tedslines.com

123. $BPCOMPQ - Daily Histogram, 1024

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