Chart#3

Note: you will sometimes notice some YELLOW or LIGHT GREY ticks/bars on some charts. These are only "bad ticks" which were generated by mistake by QCharts or the Exchange and QCharts will automatically shade them in yellow within a few minutes. Don’t worry about being mislead by those during your trading as you will always (and you should!) keep an eye on the "Time & Sale" window showing you every single trade happening every second. So even if you see a sudden and extreme tick like the 144 shown on the chart here above around 2.15pm, you will very well know, from the "Time & Sale" window, that this stock, at that time, NEVER actually traded at 144.

   Most charts will show 9.30 am as the OPEN OF THE MARKET as I currently live on the East Coast of the USA. Please adjust all data and techniques as needed depending on where you live.. the only thing that matters is to use YOUR local "OPEN" whenever I will refer to "9.30 am" …

   The so called "BAR CHARTS" are shown as a series of VERTICAL BARS with a tiny HORIZONTAL BAR on each side… almost like the OPEN and CLOSE bars on a DAILY chart. After looking at dozens of charts, you will start to develop a feeling for what those bars really represent in terms of price.

   You can also look at the TIME & SALE window to visually see the price at which the trades are currently happening and ignore some of those spiky bars when they are not relevant.

   Remember that you also have the option, with QCharts, to look at the real time charts in a LINE format (as the one shown on the previous page) which might help you, at the beginning, to "see" more easily where the price really is and to accurately identify the signals and set ups which you are looking for.

   The drawing on the right shows you 3 such bars as well as, in BOLD, the line at which the ACTUAL TRADES took place. Chart #4

ACTUAL REAL TIME BAR CHART… BLACK LINE SHOWS ACTUAL PRICES AT WHICH THE TRADES OCCURRED…

   Chart #5                                             Chart #6


   Enough for the preliminaries…

   Let’s now get right into the concept of the P2™!

   When I started to trade and "day trade", I had a pretty intense and costly "learning curve". I initially tested and tried literally hundreds of techniques and set ups (some which I had read in books (going though over 300 books) and many more which I had designed myself).  

   After going through that painful and costly process, I started to realize that I would have a chance to trade one day the way I really wanted to (with consistent PROFITS and constant FUN) ONLY if I had the extreme discipline to:

1/ Concentrate on VERY FEW TECHNIQUES

2/ Design some techniques which would  SIMPLE and SMART enough so that THEY COULD REALLY BE USED in the intense and extremely fast paced World of stock trading (and yet be enjoyable)

...