Trading with "Point And Figure" 35 replies
Trading with Point and Figure 131 replies
Point and Figure Trading 31 replies
Point and Figure Trading 16 replies
Pros and Cons of Point & Figure Trading 10 replies
https://docs.google.com/document/pub?id=1k-LK7SJO6d2Ep1R9z2ln5_GA5rSGeqp6dp2xIgiZ-1c#id.6dku2saylq6t
https://docs.google.com/document/pub?id=1k-LK7SJO6d2Ep1R9z2ln5_GA5rSGeqp6dp2xIgiZ-1c#id.6dku2saylq6t
DislikedApparently this thread does not interest traders anymore.
Is it because Point and Figure seems old school? Or, is it too hard to master? I don't think it is.
Here is my demo statement covering the last 5 days of trading using a Point and Figure Indicator on a 5 min chart. (chart time frame is not important to me).
Well if 500 pips a week with very minimal effort does not interest anyone something is wrong.
I will give you a hint: Understanding Order flow and a Point and Figure chart are all you need to become a successful trader.
I would...Ignored
DislikedGood job.
I think the reason more don't use it is a combination of both. Too old school and they don't really understand it.
I've been looking into this recently (as I've had an interest in PnF for awhile). Haven't done alot with it yet. Thinking of trading it on my other account and see how it goes. I've checked at Sam's stuff and it seems pretty straight forward.
Do you trade breakout patterns or is it mostly based on supply/demand zones?Ignored
DislikedThanks spzd.
Yeah, I figure it's probably both too, but I hope that traders who are using PnF would chime in and post some ways that they are trading to help others.
I trade primarily Supply and Demand Zones for the low risk and high probability of it but I do occasionally take a breakout or breakdown with a retest. I MUST have a retest or it's no trade for me.
The previous post I did with the explanation using the Fib expansion was a breakdown with a retest short trade, it worked out great!
The real excitement for me is understanding the...Ignored
DislikedThanks for the breakout explanation. I'll have to go back and read that post in depth. As far as Seidon's stuff, I have a fairly good grasp of it. I'm going to have to observe the PnF chart for a bit to get a better feel for it. I do like how it removes all the noise.
You said you use the 5 minute chart, what box size and reverse do you use, if you don't mind my asking?Ignored
DislikedI use a Box size: 2
Reversal: 5
I use all different time frames but 5 min chart is mainly for 10-20 pips.
Also, I only use pending orders. I identify the zones and place the order, even for the breakouts and breakdowns.Ignored
https://docs.google.com/document/pub?id=1Y5rnn301l8-O_xROiUY15UzqwhHoCWipS6mND6YTepY#id.x7mxdqofo4yv