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Trading with Point and Figure

  • #81
  • May 8, 2008 6:50am May 8, 2008 6:50am
Hi...


Just a question for the guys using 5min charts...

I am just trying to clear something up for myself..

I understand with the 5min period any new highs are printed...but do you get reversals showing if it happens within the period

eg...if the price moves up 100pips (within the 5mins) and then pulls back 50pips and you have say 10pip boxes 2 box reversal......will you get that reversal printed on the chart. OR only when the next 5mins starts...and thus you may not just get the reversal printed but quite a few others to catch up with where the price currently would be.

Am I right in my thinking here.
  • #82
  • May 8, 2008 9:35am May 8, 2008 9:35am
Quoting Angler
I am just trying to clear something up for myself..
I understand with the 5min period any new highs are printed...but do you get reversals showing if it happens within the period.
By default If P&F is constructed on compressed by time bars (x min),
if the current column is "X"
for each new bar
case 1.
if new high is established at least 1 box above the "X" column top, additional "X"-s are printed.
case 2.
if a new high is established as above and a low exceeding or equal to the reversal amount, only "X"-s are printed not the reverse.
case 3.
if no new high is established and we have new low <= reversal amount , a new column of "O" is printed.

measure 1:
Use tick data to eliminate reversals not showing.
measure 2:
modify the PF code so that in case 3 the chart will show the advance in "X" column and the reverse the new "O" column.
measure 3:
Use appropriate box size/reverse.

measure 3 - does the job pretty well.
  • #83
  • May 21, 2008 2:26pm May 21, 2008 2:26pm
Descending Triple Bottom Breakout
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  • #84
  • Jul 11, 2008 10:05am Jul 11, 2008 10:05am
any update here?
It seems very promising.
  • #85
  • Jul 12, 2008 5:42am Jul 12, 2008 5:42am
which platform are you using here.
I need time ,I need money, I need more patience
  • #86
  • Sep 15, 2008 1:25pm Sep 15, 2008 1:25pm
Quoting masterpiecefx
In what way is PaF chart better than candlestick chart for example?
What is the advantage of using it? I've gone through this in investments
class, but our instructor was a lousy technical analyst who made money
from teaching and did not believe that technical analysis can make you
money. So if someone with the knowledge could explain please.
Always ready to offer some help -- this is a helpful article from
Stocks & Commodities magazine (.pdf).
Attached File(s)
File Type: pdf FOREX - Point and Figure Charts (TAS&C).pdf   190 KB | 2,182 downloads
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
  • #87
  • Oct 2, 2008 5:11am Oct 2, 2008 5:11am
I am also interested in using Point And Figure Charts for Dax-scalping/intraday-trading:advice on setting?Thx

Excuse me for the bad English
  • #88
  • Oct 28, 2008 4:49am Oct 28, 2008 4:49am
Descending Triple Bottom
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  • #89
  • Oct 28, 2008 6:16am Oct 28, 2008 6:16am
Quoting Trader60
I am also interested in using Point And Figure Charts for Dax-scalping/intraday-trading:advice on setting?Thx
You can use 5-10 points box size
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  • #90
  • Oct 29, 2008 2:40pm Oct 29, 2008 2:40pm
It's not going for a breakout, is it?
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  • #91
  • Mar 16, 2009 10:35pm Mar 16, 2009 10:35pm
After yen found the double bottom support at 88 on 1/21/2009, there is a double top breakout confluence with the break of resistance at 94. And this up swing retraced 50% of the slide since last August.

I don't know how to attach the image, but you can find it in the following link.
Point & Figure Charts for Forex Day Trading
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  • #92
  • Edited 3:28am Mar 17, 2009 3:08am | Edited 3:28am
USDJPY: Triple Top Break Out
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  • #93
  • Mar 17, 2009 7:11am Mar 17, 2009 7:11am
Bearish Catapult
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  • #94
  • Mar 17, 2009 11:00am Mar 17, 2009 11:00am
Bearish Catapult
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  • #95
  • Mar 17, 2009 1:53pm Mar 17, 2009 1:53pm
Point and Figure Forex Trading: Scan Results
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  • #96
  • Mar 18, 2009 2:18am Mar 18, 2009 2:18am
Point and Figure Forex Trading: Scan Results
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  • #97
  • Mar 18, 2009 7:25am Mar 18, 2009 7:25am
The breakout lacks following through momentum. The resistance from former swing high is strong (98.91). If yen do follow through, there are another two resistance need to be cleared - 99.12 and 99.66 - before yen challenge the key 100 level.

The Art of Speculation
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  • #98
  • Mar 18, 2009 11:56pm Mar 18, 2009 11:56pm
The perfect triple top breakout turned out to be a bull trap. The line of least resistance is downward. The real move is the double bottom breakdown confluence with the break of support trend line.

The Art of Speculation|Point and Figure Charts Compounded with Narrow Range Bars
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  • #99
  • Mar 19, 2009 1:58am Mar 19, 2009 1:58am
Quoting apfx
CHFJPY
Hi Aron

At what stage do you place your buy limit order as the x's & o's look as if they can lag up to 3x the bar timespan you are using? (or even repaint...)

- eg

1. Do you place a buy limit above the last column of x's immediately when a new column of x's is just starting to be formed?

or

2. place it WHEN the current column of x's is level with the previous column of x's ?

Thanks
Adam
WARNING: Don't follow me as I'm just learning
  • #100
  • Mar 19, 2009 2:39am Mar 19, 2009 2:39am
Quoting adam777
Hi Aron
At what stage do you place your buy limit order as the x's & o's look as if they can lag up to 3x the bar timespan you are using? (or even repaint...)
1. Do you place a buy limit above the last column of x's immediately when a new column of x's is just starting to be formed?
or
2. place it WHEN the current column of x's is level with the previous column of x's ?
Any order can be placed right after the reversal is complete.
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