Potent Profits with Point and Figure Chart Patterns! w/ Captain John & Kimberly Swartz // P&F Charts tutorial day trading system basics strategy analysis explained david moadel
welcome to looking at the markets with
David Modell today I've got a couple of
special guests on looking at the markets
and they're actually returning to
looking at the markets they stopped by
and were gracious enough to you know
part to impart some wisdom on chart
patterns because these are chart experts
they are kept in John Bukowski and
Kimberly swore Schwartz if I could say
it correct right yeah hey guys from
County yeah captain john charts dot-com
and well that link is going to be in the
description from captain john charts
calm you definitely want to check that
out we'll be talking more about that now
for those of you who saw my first video
I made an introduction video on point &
figure charts that link is going to be
in the description of this YouTube video
so if you're a total beginner to point &
figure charts you're going to want to
probably go into the description and
click on that link and check out a
really quick video I made it's about
five minutes long but don't close out
this browser that you're on right now
because after you view that you want to
come back and listen to this
presentation which is going to be a
complimentary video kind of an
intermediate to advanced video that's
going to take you further into how you
can profit from these amazing point
figure charts and I'm seeing some
bullish patterns up there so captain
John and Kimberly first of all thank you
so much for joining me today thank you
for having us yeah my pleasure yeah yeah
you know your first presentation that
you did with me was was amazing got a
huge response had to have you guys back
and you know I'm pretty good at those
point figure charts but you guys have
been doing them for years and years and
that's part of your tool your toolbox
that you use over at Captain John charts
dot-com and that link is in the
description as well so guys what are we
looking at right now
heywhat so we're going to look at some
basics on the point & figure charts and
we're looking at particularly different
types of patterns that first bullish and
and patterns that are bearish and if you
look over here we have diamond offshore
now this these charts are dated but it
doesn't matter it's just this is simply
for educational purposes so what is a
double top breakout well a double top
breakout is it occurs when a column of
X's which means of course as you
mentioned in your video you know X's are
prices rising O's are our prices falling
a double top is when one x exceeds a
prior x okay so we have several but
double bottom breakouts in this
particular chart of Diamond offshore
double top breakouts double top well
double bottoms okay so that's the most
simplest chart that on a point figure
chart for in terms of patterns now we
come over here to a triple top breakout
more important because we've had more of
a consolidation and then so we see
column of X's call Novo's column of X is
called the boughs and then a triple top
breakout because its rised above prior
to column of X's and that's a bullish
pattern as well and then over here a
spread triple top breakout which just
simply means that it didn't alternate
back and forth there was a little bit of
a little maybe an air pocket here and
then it broke out so that that's also a
great pattern to be aware of these
patterns can give you some confidence
and knowing that you're entering at the
right time
and not too late and then you can use
those to gauge your safe zone for entry
and here's some more that are excellent
the ascending triple tap breakout and
you see right there and then the
quadruple top breakout oh my goodness
quadruple that's for yeah well you know
the quadruple top breakout is awesome
usually you know that that's almost like
the old saying the you know the bigger
the base the larger into space so again
one two three four and then you see the
quadruple breakout a little back and
filling and then BOOM and it goes now
interesting I want to I want to point
out that what's really neat about point
& figure charts as you're able to get an
idea of what the possible price
objective is it doesn't mean it's it's
the ultimate price objective it just
means it's the first price objective so
by using a vertical count or a
horizontal count we can and we can talk
about that in another video how you how
you calculate that but at least you get
an idea of what your upside objective is
versus your downside yeah these are
these patterns are great for looking
through and studying the different you
know the specifics of each and then
comparing along with a you know weekly
chart or daily chart if you prefer but
to have both of those and to see the
patterns you know multiple patterns and
different types of charts confirming
also gives you that extra bit of
confidence and a better entry now here
we're into the bottom breakdowns these
are bearish patterns am i correct yes
bearish patterns and these should be
studied because the people thing that
people forget to do or do bad
it's a bad habit is leave they don't
leave when they should leave and or
they're not confident about when they
leave so this helps you know you can be
confident it's time to go and that you
and then you can save the majority of
your gains instead of losing them or
giving them back and then some
so John why don't you explain to
everybody well I mean here's just one
example and there are many here's a
stock that was trading at I guess it at
the high over here around 60 or so and
it continued to disintegrate and
multiple sell signals sell signal sell
signal here sell signal here a little
bit of a rally back here again a sell
signal here so it went from 60 to 16
okay so you know this pattern was clear
all the way down with the exception of
this little rally back up and we got a
bite we got a buy signal but it just
fell apart and it was a disaster move
over here to de Pont and same kind of
action a breakdown of a triple bottom
there's the the three OS and there's the
breakdown right there and that fell from
37 down to 14 so it's important to keep
an eye on these things because they I
mean they're not going to be a hundred
percent of course nothing is but it can
it's a it's a great point figure charts
take out a lot of the noise in the
market and can guide you as to what to
do turn in terms of your investments in
terms whether you're in a mutual fund
whether whether you're an ETF whether
you're in a stock it doesn't really
matter they point & figure charts apply
to all those
absolutely and quick disclaimer real
quickly just so everybody knows I am NOT
a you know licensed or registered
financial advisor
none of this nothing you see or hear in
this video is intended as financial
advice to buy or sell anything these are
just examples of what we might do and
you know things you might learn just for
informational purposes so what are we
looking at here more more bearish
patterns looks like quadrille yes
Quadra more ominous patterns yeah the
descending triple bottom breakdown which
you know ends up we have the quadruple
bottom breakdown first and interestingly
now look at the bearish price objective
at 77 and if you look back in time it's
funny how often even though those are
not set in stone that somehow they reach
those targets so that's something to
keep in mind and but I really believe
understanding these bearish patterns is
almost like 10 it's like tantamount to
the overall strategy of anyone investing
so that you keep your gains you you know
it's one thing to make the money but you
got to protect the money so these are
excellent for doing that now here's the
descending triple bottom breakdown and
they chose through the various stages
and when you pull these at each stage it
shows you the pattern and it tells you
the price the price objective so then
you take your weekly chart and overlay
that and the patterns that you see in
that that may also be very bearish and
then you've got a good case built okay
so here this is back to the simple
double bottom triple bottom breakdown
and the spread triple bottom breakdown
go ahead I'm thinking that with you know
if you go to cap
Captain John charts comm and sign up
there you know it sounds like you guys
can teach these skills you can teach
these patterns people can learn to
recognize them on their own it's not
such a big mystery I imagine it's just
repeating repetition looking at charts
learning how to recognize the patterns
and you can save yourself from those
horrendous looking breakdowns and you
can see the breakouts but while they're
happening and that's pretty much right
exactly and it's just it's another it's
like a tool in a toolbox essentially
it's one of the things that when you
become an expert in research there's
many things you rely on you're almost
like a detective yeah you build your
evidence in your case and it's either
for whatever you've seen whether it be
bearish bullish or I mean some people
like to do the long and then they like
to play the short so these are
definitely I think imperative in that
and we can teach you how to do this if
you have the right mentor who's done
this for a long time like John for over
23 years I believe then you're going to
get the inside look at how like you know
he's a portfolio manager so you're going
to see how he's done this for his
clients successfully over that period of
time is how you would do it if you were
coming into the business yourself so if
you're going to not have a professional
do it for you which we do and you're
going to do it yourself then you should
definitely know exactly what they know
yeah so if you have it and if you have
any questions you can follow us on
Twitter that's up on the screen we you
know post actionable ideas that are
interesting and we're going to give a
little discount for the people that took
the time to come and learn a little bit
and that's going to start Monday May
22nd so just be sure to put in the
discount code point and figure and
you'll get a discount off of a
membership any of the premium
memberships that we have
and if you're professional just get in
touch with us through our email we also
do professional research as well so it
would be better for them to contact us
by email and we can get in touch on the
phone that is fantastic what I like
about I like many things about those
point & figure charts I like the way
they almost force you to focus on the
price action when we look at other types
of charts or sometimes we we listen to
the news too much sometimes we have 20
different indicators on our charts we're
reading different articles we're
listening to the the so-called gurus on
TV or wherever or in chat rooms we're
seeing all these different signals and
we lose focus we lose sight of listen if
the price action is breaking down get
out of the way don't be a hero you don't
want to fight the trend if it's going up
that's a good thing doesn't matter what
people have to say about it and also the
point figure charts they're all about
price action they're not so much about
time time is in there but it's not a
huge focus right yeah and so again it
just forces you to look at the reality
of the price action and to see writing
patterns and to get in or get out just
as importantly maybe more importantly
get out at the right time and exactly
that's so important
I remember the Japanese equities I
believe it was 2013 and those changed
the patterns were there and there were
many people I noticed on stock twits for
example that just did not take that exit
they didn't listen to the signs and if
they had only understood the technical
side of it a little more they wouldn't
have woken up to a major gap down I mean
the market that when they opened it felt
like dramatically overnight people woke
up kind of destroyed right and same with
coal there's so many names I've seen
this in where they fight the tape you
know it's like you just you can't be
married to it is what it is and it lasts
for as long as it lasts and you hope
that it's a nice long
beautiful chart or a massive base but
they're not all going to be that way and
if you listen to the news that's going
to be misleading because the charts are
running and then the news is made about
what's happened so it's not the other
way around and the news can get into
your emotional mind and this is like a
Zen thing here I mean there is
psychology as we all know involved in
this so you have to be sure to keep that
away
keep the biases away and don't fall into
those traps if you're new because you're
going to yep that's the power of the
point figure charts I'm really excited
about this this discount code point and
figure easy to remember right people
need to get in on that action they need
to go to Captain John charts comm link
in the description I'm also going to put
your Twitter and as well as your email
in the description so check that out
once again if you need just a quick five
minute introduction to point figure
charts I did make a video on that that's
in the description as well and then come
back to this one review all those
bullish and bearish chart patterns and
then check out Captain John charts comm
enter that discount code starts Monday
May 22nd and you can learn a lot more
about it and you can profit after you
learn learning comes first then the
profits come later is there anything
else you want to say about Captain John
charts before we sign off I know they
did thank you very much appreciate you
sitting down with us tonight absolutely
um and certainly please at least you
know throw your your introduction out
first for people that don't know what
point & figure charts are so they at
least get the basics first and feel free
to throw that out and absolutely you
have a wonderful weekend and we
appreciate your time thank you very much
absolutely thanks guys appreciate it and
we'll catch you next time on looking at
the markets