Intraday Point and Figure Trading

1st: old trade still waiting....
2nd: +95pip ... growing....

Well done Puma!

What a jump almo.. even with 20x3 sizes!
http://gyazo.com/94bf1174d4fbe1a56e30f8b40eec1696.png

Hi, trying this strange point and figure set-up. Strange but with nice chart patterns.

hi Puma1
please send the indicators , not in a zip.
thank you

Starting to get back to my roots with P&F. Here is my AU and EU. 1Hr with 10 pip blocks

UCAD 20 pip blocks H1

GU

Hi Gav, what is your broker's MT4 price digit? 4 or 5 ?

p.s. this forum are blocking files with .rar extension, why .zip is not suitable for you?

SAXON hello, your indicator looks quite same as mine, it's great !

Hi Puma,

Can you please post the indicators along with the template.

Thanks in advance.

Ganesh

Ya, I think on that one I had 20 pip blocks X 3

Hey what is your problem? I am using standard template and indicator from the installation pack. Only Box Size and Reverse is set by me.

it is 4 digital but the indicator and the templets doesn't work .please send them un ziped thank you

Hi gav,I had problems also to set up this indicator from the templates that were provided. I fixed it by loading the template that came with the zip file, deleting the indicator from the chart and then loading the indicator again. Then I set it up as in instructions. I hope this helps.

I am relatively new to trading, and have just started reading about P&F. I want to try to use P&F in a demo account.

I work during the day, so I probably won't be trading intraday, but I was hoping you would still be able to help me.

My plan is to focus only on one pattern for now (triple tops/bottoms) and maybe only 8-10 pairs. As of right now the charts I am looking at have BoxSize of 10 pips and ReverseSize of 3 boxes. Does it sound like I am starting on the right track, or would any of you suggest that I do something different (maybe focus on a different pattern, use a larger BoxSize, etc.)?

Any thoughts or comments would be appreciated.

Thank you.

Hi relyt, I suppose I am the least qualified to answer your question since I have abandoned for now the P&F trading and I am a total noob myself when it comes to trading. I will probably come back later when I will learn more about support and resistance etc. So please take what I say like something to think about instead of solid advice.

From a few articles that I have read for larger time frames they suggest higher box sizes. Jason Findler suggests 20 pips while Eric here http://www.fxpnf.com/ if you look in his table with sample trades suggests 100 pips. My guess is that you have to experiment your self to see what goes better with each pair. Also You probably should experiment with the proper timeframe in your chart. I guess you will trade daily. While there is not much difference between 1m and 5m in P&F there is between 5m and say 4h.

Another way to calculate proper box sizes is by using ATR. I didn't understand much how it is done so I can't say much. Look for apfx's post. He explains it somewhere.

Something I noticed when I was playing with P&F is that my best gaining trades were when I didn't wait for the charts status to reverse to take profits, but I used also horizontal support and resistance lines. This may not be standard procedure and I haven't tested it further. It is just something that worked nice for me in 2-3 trades.

I hope this helps you

HI, my proposition for EUR/USD will be: 10x3 for short trading, and 30x3 for long trading

Hi there,
waiting for price to break through support or resistance:
http://gyazo.com/cc8de57a2aecae475371a9d29b4df188.png

I have just downloaded your indicator....got it set up no problem

I understand what the 10 and the 30 means in your comment (block size)....what does the "x3" mean?

Also, why do you choose different block sizes for long versus short

thanks!


PGPB