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 $20,000.00 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.

This material has been prepared by a sales or trading employee or agent of Dallas Commodity Company and is, or is in the nature of, a solicitation. This material is not a research report prepared by Dallas Commodity Company's Research Department. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions.

The risk of loss in trading commodity futures contracts can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. You may sustain a total loss of the initial margin funds and any additional funds that you deposit with your broker to establish or maintain a position in the commodity futures market.