Over–reliance on time–based charts misleads novice traders into chasing nonsensical patterns religiously to buy into areas of Resistance (Supply) and sell into areas of Support (Demand). As P&F charts are constructed on reversals, coupled with Relative Strength, this ensures you Sell at Resistance levels (Supply) and Buy at Support levels (Demand). Work with (not against) the irrefutable laws of Demand & Supply – no one "beats" the logic of markets. Also, Relative Strength safeguards you from buying after a period of buying and selling after a period of selling.