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Intraday Point and Figure Trading

  • #201
  • Oct 14, 2010 2:56pm Oct 14, 2010 2:56pm
sagad thank you
  • #202
  • Oct 18, 2010 5:26am Oct 18, 2010 5:26am
my study say 1.3950 for today then flat
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  • #203
  • Oct 19, 2010 1:28am Oct 19, 2010 1:28am
Quoting cooltrader28
my study say 1.3950 for today then flat
not bad
  • #204
  • Oct 21, 2010 10:29am Oct 21, 2010 10:29am
hi puma1, cute pnf v1.1 looks and runs great but when a trend line is drawn it disappears. any idea? rgds/Kev
  • #205
  • Oct 21, 2010 3:21pm Oct 21, 2010 3:21pm
urrrh...i jumped the gun. ...sorry for the dumb question. just got too excited about pnf )

Quoting Kaptain Ahab
hi puma1, cute pnf v1.1 looks and runs great but when a trend line is drawn it disappears. any idea? rgds/Kev
  • #206
  • Oct 22, 2010 4:01am Oct 22, 2010 4:01am
Quoting Kaptain Ahab
urrrh...i jumped the gun. ...sorry for the dumb question. just got too excited about pnf )
Hey hey Kaptain ) no problems!

How its going?
  • #207
  • Oct 22, 2010 12:26pm Oct 22, 2010 12:26pm
Hi Puma1 and PnF folks --

Used PnF some in the past. I really like it conceptually. Simple.Price.Action.

Seems some here are using it on short TFs. Does it respond fast enough . . . What have you found?

Anyone have some stable, effective settings on box sizes and reversals they would be willing to share?

Glad you guys are here. A load of indicators never/rarely works over time.

Best and blessings to all.

Forest
  • #208
  • Oct 23, 2010 6:59am Oct 23, 2010 6:59am
25 / 4 on 30min
  • #209
  • Oct 23, 2010 12:30pm Oct 23, 2010 12:30pm
Hi Cool,

Curious, at 25/4 set on M30 you can't be taking too many trades. (which is not a bad thing)

Would you mind sharing about how many trades a month you would find with these settings? You must be looking at multiple pairs.

I'm setting up 25/4 now for a serious look.

All the best, Forest
  • #210
  • Nov 3, 2010 1:26pm Nov 3, 2010 1:26pm
What the heck was that? Pending order since yesterday and a big spike up and another down and the trade went to hell within seconds. Thank god for money management.
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  • #211
  • Nov 3, 2010 8:04pm Nov 3, 2010 8:04pm
you must keep an eye on the news releases. check the ff calender and look for the reds... that or just keep reading the taf thread as they keep a keen eye on news releases also.
Congratulations ScalaFX for coming out of the closet!
  • #212
  • Edited 10:23am Nov 4, 2010 3:04am | Edited 10:23am
Cute P&F is chewing up some serious CPU on my machine (and its not the machine, I'm a gamer so for discussion sake just take my word)....is there a version somewhere that doesn't slow the computer down so much?

I'm finding I can only run 2 windows of Cute P&F atm.

EDIT: Figured it out. The smaller the box size, the more CPU power needed. Runs ok on 3, even better on 5 and 7, etc etc.
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #213
  • Nov 22, 2010 2:17pm Nov 22, 2010 2:17pm
Quoting chngster
Cute P&F is chewing up some serious CPU on my machine (and its not the machine, I'm a gamer so for discussion sake just take my word)....is there a version somewhere that doesn't slow the computer down so much?

I'm finding I can only run 2 windows of Cute P&F atm.

EDIT: Figured it out. The smaller the box size, the more CPU power needed. Runs ok on 3, even better on 5 and 7, etc etc.
or you could just use my indicator. i wrote it specifically because the pnf indi i found somewhere else was also shafting my cpu due to my large number of bars in chart history. could be cute pnf, i don't remember because it quickly found it's way to the bin.
Congratulations ScalaFX for coming out of the closet!
  • #214
  • Nov 23, 2010 4:44am Nov 23, 2010 4:44am
Quoting nubcake
or you could just use my indicator. i wrote it specifically because the pnf indi i found somewhere else was also shafting my cpu due to my large number of bars in chart history. could be cute pnf, i don't remember because it quickly found it's way to the bin.
maybe your pc is quite old? and it's time for it to go to the recycle?

sorry , i am joking


By the way, how it's going?
  • #215
  • Nov 23, 2010 6:19am Nov 23, 2010 6:19am
no my pc is fine, i just have a lot of bars in memory compared to normal which means any indicator that iterates through all bars in history will run slower on my machine than someone elses mt4 that hasn't had the options messed with.

it goes same as usual, round and round and round. forex is like crack lol.
Congratulations ScalaFX for coming out of the closet!
  • #216
  • Dec 8, 2010 10:04am Dec 8, 2010 10:04am
Quoting pnf-trader
Hm... it seems there are not many point and figure traders out here. Well, I will write some posts from time to time, though. Maybe it's of interest to some of you

Today, I catched a nice move - though I don't know what exactly happend
Have I missed something in the news or why has the Euro rallied against the USD in such a short time?

I put up two pending orders to catch a rise or a fall of EURUSD and one position has been triggered (with slippage, though). The setup I have been using was reversal 3 and box size 10 pips, using...

Hi,
This is a verey nice Point and Figure Indicator is it passable to give me This Indicator
Thanks and Regards
  • #217
  • Dec 8, 2010 7:22pm Dec 8, 2010 7:22pm
Quoting puma1
maybe your pc is quite old? and it's time for it to go to the recycle?

sorry , i am joking


By the way, how it's going?

I've actually stopped using Cute (now using FXI Advanced P&F indicator which solves the problems of CPU chew and more critically, shifting price levels in Cute).
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #218
  • Dec 10, 2010 12:49am Dec 10, 2010 12:49am
anyone read "Phantom of the Pits"?

i suggest you do...good read i promise...

supposedly written by a good trader...

what struck me was he recommended Point and Figure charting to:

"...understand the characteristics of your market" p.31
"...pnf charts are closer to the market as pnf charts don't restrict prices to within a day's range." p.35

i've been holding back to committing to pnf due to my recent success in using PA...but at the back of my mind,at the end of the day...i have this strong feeling that pnf is the way to go...

anyway, until then...
  • #219
  • Dec 10, 2010 1:20am Dec 10, 2010 1:20am
then jump to page 41 as he discusses the merit of pnf,why he prefers pnf and the advantage over other charting method whose parameters are the same...high,low,open and close...

then he struck an issue which i found relevant to forex...

he asked what would the reader think if a bar/candle was posted using the same parameters(high,low,open,close) but w/ a different time?...just like forex i thought since its a 24hr market...

pnf charting and the rules presented in the document are a perfect match...

im pondering on the question, did the author came about his rules as a result of using pnf or did he choose pnf as pnf was compatible to his rules?
  • #220
  • Dec 10, 2010 2:08am Dec 10, 2010 2:08am
on p.43 he starts to specifically discuss pnf...

even making suggestions on how to start using them...

remember, the document wasn't intended to be about pnf...the author was just explaining his own preferred way of charting...
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