Trading with Point and Figure

Quadruple Bottom

Yes, that's true and we have a break. Hopefully no Bear Trap.

We might have 100 pip down to 50% retracement

Hi Aron

Can you please help as I would like to follow and learn from your analysis, but I am having problems.

I have downloaded amibroker and MT4. Exported daily EURUSD from MT4 and used the AB wizard to import into AB, adjusting data columns to YMD, time, o, h, l, c. Then opened "daily EURUSD" tab in AB, dragged the "price" indicator across, and the bar chart appeared. Then I downloaded then installed the point & figure indicator" from the AB website which worked with X's & O's appearing, then removed it.

Then I tried using your p&f indicator and Automatic Analysis on the AB demo, but I ran into problems. Can you please tell me where I've gone wrong:

1. Which version of amibroker are you using as your options quoted bellow don't appear on the Automatic Analysis window for the latest demo version of AB?

2. Your first attached "P&F Chart formula.txt" when dragged across from the indicator folder, shows 4 lines of code and then says "Error 29. Variable 'decimals' used without having being initiated", and the properties box pops up and parameters box is not blank.

3. Your second attached "P&F Chart formula.txt" when dragged across from the indicator folder says "PF with Forex settings is not suitable for this market", and the properties box pops up but the parameters window is blank.

It may be just a AB version number issue.

Thanks

Adam

I'm attaching a new version of Exploration Code.
You only need to specify Tick Size in Symbol>Information window:
eg.
USDJPY = 0.01
EURUSD = 0.0001

Bullish Catapult

Yen retraced more than 61.8% of last week's slide. There is a double top breakout at 96.50. We will watch whether this up thrust will take yen to challenge the 100 key level.

Nice continuation pattern:
Tops and bottoms aligned with the previous price move

Double Bottom

Heading for 15

1.52 - Critical Level

attached is an indicator for metatrader

When you get catapaults, obviously you can trade the catapault but what about the 1st double or triple top buy signal, wouldn't you have traded that as well?
What box size do you generally use for the forex pairs?
I assume 3 box reversal

think you may have to experiment with the settings for each pair

1/
Ok, but how do we know it's a good setting?
What indicates that we might have the correct box soze?
I mean 10 seems ok for GBPUSD but so does 20.

2/
In your picture above on post 111, wouldn't you have traded the first sell signal before the catapault?

I experiment with each time frame for the pair I want to trade......

I like the triple top breakout for my entries (or triple bottom), I do not use any others. That may change as time passes but at this time that is what I am using.

some P&F charts

240 minute chart

240 minute charts

AudUsd

USDJPY

Nice, but we don't have a P&F indicator for MT4.
All the available free P&F indicators, which you can count on your one hand, are worthless.

I saw on your charts the Url and searched for the Point and Figure Indicator on the website, but couldn't find it...Probably not a free P&F indicator...