Tracking is an option, but this old dog, finds it a bit odd at times.
I use the FROM osnap in conjunction with "point filters", mostly because that's how I learned to do it prior to Tracking.
Assuming you're placing some component 3' East of an intersection and 2' North of the same intersection. When AutoCAD prompts for a point, enter FROm and press enter, you'll be prompted for a "Base Point", osnap to the INTersection, then enter @3',2' and press enter. Autocad will find a point from that intersection a positive 3' on the X-axis and a positive 2" on the Y-axis.
Point filters are your friend, and come in real handy when you're working 3D. Imagine the same scenario only there is no intersection, just two other objects from which the new object is relative. .X retrieves the X coordinate of the next selected point and .Y retrieves the Y coordinate of the next selected point. A command line might look like.
Command: L
LINE
Specify first point: from
Base point: .x
of mid
of (need YZ): _cen of <Offset>: @2',1'
Specify next point or [Undo]: @Anonymous,0
The above starts a line at 2'x1' from the X coord. of the midpoint of a line and the Y coord. of the center of a circle and draws it 12" long in the positive X direction. After obtaining the X coord, it prompted (need YZ), that means it has an X value and is looking for the rest, you can build a new point by extracting each coord. (.X .Y .Z) from three different locations. (Notice the "point" in front of the .X .Y .Z)
Tracking is sort of an automated point filter for lack of a better description.