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Intraday Point and Figure Trading

  • #381
  • Dec 19, 2011 2:05am Dec 19, 2011 2:05am
Gold dropped to as low as 1562.5 last week before forming a temporary low there and recovered. Initial bias is neutral this week for some consolidations. But recovery should be limited below 1667.1 support turned resistance and bring another fall. Below 1562.5 will target 1535 key support and below...[by oilngold]
https://lh6.googleusercontent.com/-T...wxk/s576/1.png
Learn more:
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https://docs.google.com/document/pub?id=1Y5rnn301l8-O_xROiUY15UzqwhHoCWipS6mND6YTepY
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https://docs.google.com/leaf?id=0AhxKzvQ2GlM8dDBqYWl6XzlEbFZDWFVob0FMbG9nbGc&sort=name&layout=list&num=50
  • #382
  • Dec 20, 2011 4:45am Dec 20, 2011 4:45am
setup: 5x3
figure: triangle
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-2011-12-20.PNG Size: 20 KB
  • #383
  • Dec 22, 2011 3:11am Dec 22, 2011 3:11am
USD/ZAR continues to advance inside the Triangle chart pattern identified by Autochartist on the 240-minute charts. The overall Quality of this Triangle is rated at the 7 bar level, which reflects the following values of the individual contributing Quality indicators: near-maximum Initial Trend (rated at the 9 bar level), above-average Uniformity (6 bars) and significant Clarity (7 bars).
Inserted Code
http://www.forexpros.com/technical/analysis/daily-forex-update%253A-usd%252Fzar-101420
https://lh4.googleusercontent.com/-C...EY/s576/01.png
Learn more:
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https://docs.google.com/leaf?id=0AhxKzvQ2GlM8dDBqYWl6XzlEbFZDWFVob0FMbG9nbGc&sort=name&layout=list&num=50
https://lh4.googleusercontent.com/-j...u2c/s546/1.png
  • #384
  • Dec 26, 2011 9:45am Dec 26, 2011 9:45am
USD/CHF: The recent break above the critical October highs at 0.9315 is significant and now opens the door for the next major upside extension over the coming weeks back towards parity. A confirmed higher low is now in place by 0.9065 following the recent break over 0.9330, and next key resistance comes in by 0.9785. Ultimately, only back under 0.9065 would delay constructive outlook.[by dailyfx]
https://lh4.googleusercontent.com/-s...xrU/s576/1.png
Learn more :
A t t a c h m e n t↓
Inserted Code
https://docs.google.com/leaf?id=0BxxKzvQ2GlM8YjZlZjI0NDktNmYyZS00Yjk2LWJhOTMtY2Y4ZWIwYzgzMjEz&sort=name&layout=list&num=50
  • #385
  • Edited 5:26pm Dec 29, 2011 11:22am | Edited 5:26pm
Hi,

I'm really thankful for all the info in this tread. Not only my trading is going much smother but also less stressful

Blaiserboy posted P&F indicator ( link ) and I spend a few hours and hacked/modified it a little bit (I hope you don't mind...)
Basically the idea was to be able to attach more then one indicator to current window and to see current price (if the main chart is not visible).
I’m planning to add profit targets but since I don’t have much free time its long way to go…

I hope you like it

(edit : minor bug with displayed price; reuploaded fixed indicator)


Best Regards
nht
Attached Image (click to enlarge)
Click to Enlarge Name: PointAndFigure mod 01.jpg Size: 139 KB
Attached File(s)
File Type: mq4 PointAndFigure_mod_01.mq4   10 KB | 799 downloads
  • #386
  • Jan 3, 2012 1:28am Jan 3, 2012 1:28am
USD/CHF: The recent break above the critical October highs at 0.9315 is significant and now opens the door for the next major upside extension over the coming weeks back towards parity. A confirmed higher low is now in place by 0.9065 following the recent break over 0.9330, and next key resistance comes in by 0.9785. Ultimately, only back under 0.9065 would delay constructive outlook.[By dailyfx]
https://lh5.googleusercontent.com/-L...LQw/s576/1.png
CLICK HERE for detail information...
Inserted Code
https://docs.google.com/leaf?id=0AhxKzvQ2GlM8dDBqYWl6XzlEbFZDWFVob0FMbG9nbGc&sort=name&layout=list&num=50
  • #387
  • Jan 10, 2012 2:34am Jan 10, 2012 2:34am
By FXEmpire.com – The EUR/USD pair was able to record some gains on Monday after the flow of upbeat fundamentals from the euro-area region, and also after Germany was able to sell bonds on a negative yield; however, after the European Central Bank announcement, which explained that European Banks’ overnight deposits at the ECB climbed again to all-time record, the pair surrendered some of the gains on fears an interbank lending freeze could hurt the financial sector and the region’s economy.
https://lh5.googleusercontent.com/-1...8PY/s576/1.png
Learn more :
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https://docs.google.com/leaf?id=0BxxKzvQ2GlM8ZDVmNTliNTUtMjcyNC00ZDg5LWI3YjYtOTcxYzYwYWY0ZTUw&sort=name&layout=list&num=50
A t t a c h m e n t (1)^^^ORvvv(2)
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https://docs.google.com/document/pub?id=1Y5rnn301l8-O_xROiUY15UzqwhHoCWipS6mND6YTepY#id.dlcmsqbsh50f
  • #388
  • Jan 15, 2012 6:32am Jan 15, 2012 6:32am
EUR/USD rose during the Thursday session as traders celebrated successful bond auctions in both Italy and Spain. However, the recent downtrend is certainly intact, and it is hard to think that it suddenly will give way based upon these two sales. The 1.30 level above is the start of significant resistance, and we are looking to sell weakness in that area if it appears. The candle does suggest some possible follow through over the next day or two, but we aren’t willing to won the Euro in general and there are simply far too many problems in that part of the world right now. We are selling rallies going forward.[by forex-download]
https://lh4.googleusercontent.com/-b...eqg/s576/1.png
Learn more :
~~~>img37.imageshack.us/img37/1048/12jan14.pdf
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A t t a c h m e n t (1)^^^ORvvv(2)
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  • #389
  • Jan 15, 2012 1:05pm Jan 15, 2012 1:05pm
i need a FREE point and figure chart(forex chart),but not in metatrader platform.
plz help me.
  • #390
  • Jan 15, 2012 1:12pm Jan 15, 2012 1:12pm
i have 4 metatrader point and figure indicator,,,but they "unfriendly" and dosen't work correctly...!!
  • #391
  • Jan 16, 2012 2:40am Jan 16, 2012 2:40am
Quoting pejman-m
i need a FREE point and figure chart(forex chart),but not in metatrader platform.
plz help me.
Inserted Code
 https://www.yousendit.com/download/T2djY05qMGNnYVBvS3NUQw
Your files will only be available online until:
January 23, 2012 00:19 PST
Older programs.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
https://lh3.googleusercontent.com/-9...rQ0/s590/1.png
The samples. Use of the program.
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https://docs.google.com/leaf?id=0AhxKzvQ2GlM8dDBqYWl6XzlEbFZDWFVob0FMbG9nbGc&sort=name&layout=list&num=50
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The best indicator.(Free!!!) There are different versions. See this forum.
Picture
  • #392
  • Jan 16, 2012 1:44pm Jan 16, 2012 1:44pm
Quoting fteller
Inserted Code
 https://www.yousendit.com/download/T2djY05qMGNnYVBvS3NUQw
Your files will only be available online until:
January 23, 2012 00:19 PST
Older programs.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
https://lh3.googleusercontent.com/-9...rQ0/s590/1.png
The samples. Use of the program.
Inserted Code
https://docs.google.com/leaf?id=0AhxKzvQ2GlM8dDBqYWl6XzlEbFZDWFVob0FMbG9nbGc&sort=name&layout=list&num=50
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The best indicator.(Free!!!) There are...
here,a problem is seen:
p&f chart and it's indicator should not be related to chart time,,,but in metatrader p&f doesn't. does it?
  • #393
  • Jan 16, 2012 9:23pm Jan 16, 2012 9:23pm
Hi,

Another version of P&F indicator - see attachment.

Right now you can choose to display P&F as boxes or as X_O, static or dynamic box calculation method and few other add-ons.
Logic/calculation is the same but I’ve added more inputs to fully customize final visualization.
Adding/modifying I discovered that there is a problem with object scaling method in MT4 – to see what I mean try to draw ELIPSE in indicator window on any JPY based pairs and you’ll see that when scale is >= 0.03 object will “disappear”. Maybe there is solution for this strange behavior but I have no luck of finding it .
Because of that I decided to use TRIANGLE for all JPY pairs (it’s a meter of choice nothing special).

Be aware that a lot of objects will be used so this could slow down your terminal, especially when you are using another object oriented indicator. I’ve run this indicator with >MaxBars< set to 1000 without any problem but I’m working on Daily…
I’ve attached it to M1 chart, set >BoxSize< to 1 and >BoxReversal< to 2 ( just for testing purposes) and it seems that all is working just fine.

Pejman-m – if you look inside the code you’ll see that time is not relevant in calculation of this indicator. Only thing that matters is High/Low and how much price is moved from previously calculated BOX.
fteller gave you a link to download – try it and see if you like it. You can also use IncredibleCharts Pro, maybe I'm wrong but I think that for EOD data they are free.

Best regards
nht
Attached Image (click to enlarge)
Click to Enlarge Name: PointAndFigure mod 02.jpg Size: 109 KB
Attached File(s)
File Type: mq4 PointAndFigure mod 02.mq4   21 KB | 1,256 downloads
  • #394
  • Jan 17, 2012 1:38am Jan 17, 2012 1:38am
Quoting pejman-m
i need a FREE point and figure chart(forex chart),but not in metatrader platform.
plz help me.
Hello, soon i will post EXCEL SHEETS based point and figure indicator for free.
------------------
Today's Point and Figure for the Eur/USD , setup: 10 boxsize, 3 reverse

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-2012-01-17.PNG Size: 37 KB
  • #395
  • Jan 20, 2012 3:07am Jan 20, 2012 3:07am
who can explain me about indictor "PointAndFigure mod 02" Input? and their number that we can input.
- UniqueNum
- BoxCalulationMethod
- BoxSize
- WidthBox
- MaxBars
  • #396
  • Edited 2:48pm Jan 20, 2012 2:03pm | Edited 2:48pm
Hi pejman-m,

Look inside the code and you should be able to understand all this inputs. I tried to comment every important fragment of code to help others understand what is it used for.

UniqueNum – change this number if you are planning to attach more then ONE indicator to current chart

BoxCalculationMethod – currently there are two methods implemented >1 - static< and >2 - dynamic<. When you choose >1< static number will be used for drawing and calculation. If >2< is selected size of the box will be dynamically calculated (simple average of given bars divided by 2), BarsToCalculateADR is used for this purpose; You can display currently selected method in upper right corner indicator window if you change ShowBoxInfo from FALSE to TRUE;

BoxSize – used if BoxCalculationMethod is >1<

BarsToCalculateADR - used if BoxCalculationMethod is >2<

WidthBox –width of displayed columns

MaxBars – restrict number of bars to lower CPU usage, especially when you use a lot of other indicators/scripts/experts loaded on your charts

I hope above explanation will help you.


Best Regards
nht
  • #397
  • Jan 26, 2012 2:23am Jan 26, 2012 2:23am
GBP/USD initially fell for the session on Tuesday, but found its footing later on and rose overall. The resulting candle is shaped much like a hammer, and is sitting just above the 1.55 level. The area now looks as if it could be supportive, and the pair looks destined to march north to the 1.57 - 1.58 resistance level. The pair is still in a bearish market, so we are cautious about buying, but if we were to do it - we would buy on the break of the Tuesday range to the upside, and be willing to take profit at 1.57 or so. Or better trade is to sell from that area on weakness, and that is how we wish to play this pair.....selling between 1.57 and 1.58 on signs of weakness.[By ibtimes]
https://lh5.googleusercontent.com/-m...hcw/s576/1.png
Learn more :
~~~>iticsoftware.com/postimages2//201009/12Jan24.html
^^^ORvvv
~~~>fforeman.byethost17.com/12Jan24.html
^^^ORvvv
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A t t a c h m e n t (1)^^^ORvvv(2)
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https://docs.google.com/document/pub?id=1Y5rnn301l8-O_xROiUY15UzqwhHoCWipS6mND6YTepY#id.iyuqgm7e6wl4
  • #398
  • Jan 30, 2012 8:35am Jan 30, 2012 8:35am
dear friends,
plz see this 3 picture,three time of eur/usd(12:37 , 12:50 , 14:46) in M5 time frame.
what these are meaning? is this indicator auto-regulated and valueless??
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1237.gif Size: 65 KB
Click to Enlarge Name: 1250.gif Size: 66 KB
Click to Enlarge Name: 1446.gif Size: 67 KB
  • #399
  • Jan 30, 2012 1:22pm Jan 30, 2012 1:22pm
Hi pejman-m,

Unfortunately what You just show me/us is that this indicator repaints and this must be corrected. I didn’t noticed it because I work on Daily TF and with >BoxSize< above 50 boxes are appearing not so often, sometimes after couple of days.
… instead of adding more inputs, to further customize the displayed info by this indicator, I have to review the main calculation logic. It will take some time, but as soon as I finish I’ll post corrected version. So for the moment you have to use other P&F indicators posted in this thread.

I really like the idea to use separate window to draw this indicator instead of drawing it on main chart. This gives me the opportunity to display 2 or 3 of them with different BoxSize in the same window and I don’t have to switch between windows to gather all the info I need. Of course there are some minor limitation (ie. scaling problem which I mentioned earlier).

OK, enough talk.
Back to the drawing board …


Best Regards
nht
  • #400
  • Jan 31, 2012 12:26am Jan 31, 2012 12:26am
GBP/USD:The market has mostly been locked in some sideways chop over the past few weeks with any rallies very well capped ahead of 1.5800 and setbacks supported on dips below 1.5300. Until either side is convincingly broken, we would expect to see additional range trade. Therefore the preferred strategy is to look to buy range dips and sell by range highs. Only a weekly close above 1.5800 or below 1.5250 would give reason for outlook shift.[By dailyfx]
https://lh4.googleusercontent.com/-d...RM0/s576/1.png
Learn more :
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https://docs.google.com/leaf?id=0BxxKzvQ2GlM8ZGE3OWYxNTUtYmY5Mi00YWMzLWFkMmYtMDEwODRlMDI1N2Yw&sort=name&layout=list&num=50
A t t a c h m e n t (1)^^^ORvvv(2)
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https://docs.google.com/document/pub?id=1Y5rnn301l8-O_xROiUY15UzqwhHoCWipS6mND6YTepY#id.iyuqgm7e6wl4
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