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Point and Figure charts are based on price action, not time.
You start to see over the last few days price actions which are honestly quite bizarre.
The delivery period is often marked by volatile price action.
"Sometimes the price action is just hard to explain."
"Now, people are dealing completely on superstition and price action."
Since the price action was based upon the games algorithm the predictive nature of a market is lost.
Some traders consider this method to be a part of price action trading.
A price action trader would wait until the stock hit $31.
As with all price action formations, small bars must be viewed in context.
Traders said they were encouraged by the price action.
Chevron said its price action was an effort to stay abreast of the market.
"The end result is a highly volatile day-to-day price action."
Frequently price action traders will look for two or three swings in a standard trend.
More traders will wait for some reversal price action.
Traders and analysts said they did not attach much significance to yesterday's price action.
It leaves nobody left to carry on the trend and sets up the price action for a reversal.
On a busier day, he would have been keenly watching price action and studying economic news.
"For some reason, people take their cues from price action rather than from values.
Price action is simply how prices change - the action of price.
Yesterday's price action was a continuation of a surge that began at the start of the year.
Price action gives extremely short term trade ideas, often more suited to scalping.
But traders and analysts were reluctant to attribute much significance to yesterday's price action.
"Looking at price action today, a yield decline in face of negative news is a bullish statement," he continued.
This editing approach reflects the nature of price action, sub-optimal as it might appear.
This observed price action gives the trader clues about the current and likely future behaviour of other market participants.