The P&F Signals Guide

How to Read the Point and Figure Spreadsheets:

On both sheets 1 and 2, there are 9 columns:

• Column #1: The ticker symbol for that particular contract and expiration month.
• Column #2: The name of the futures contract and delivery month.
• Column #3: The current position we are in —
  • Long, we were buyers of a contract
  • Short we are sellers of a contract and
  • Flat, no positions taken.
• Column #4: The entry price for the futures contract.
• Column #5: Open equity, the profit or loss accumulating for that trade.
• Column #6: The prior date, closing price.
• Column #7: The price received when the futures contract was closed.
• Column #8: The profit or loss received when the contract was closed.
• Column #9: The commentary section gives the next day’s recommendations for that particular futures contract including —
  • Buy, Sell or Hold
  • Entry and Exit points or No Positions taken
  • or WAIT FOR THE NEXT SIGNAL.

Buy and Sell signals generated, are only good for the following day’s trading.

Note:

• The bottom left corner of the page is the theoretical YTD profit or loss.
• Sheets #1 and #2 began the year with $40,000.00 for every 10 contracts.
• The initial margin is the amount needed to trade one contract and will vary.
• (See the R.J. O’Brien margin sheet or call for the latest update).
• The Y.T.D. is the percent increase / decrease for the year.