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Intraday Point and Figure Trading

  • #401
  • Edited 2:27pm Jan 31, 2012 1:07am | Edited 2:27pm
dear nht,
it is 3 sample of this indicator,,,,indicator same calculate if time M1 with box size 2 or time W with box size 100,
there is an error in calculation,,,when current time is expired,in following time calculation may be change the last times and chart of last time,,,,,,,,,this indicator is valueless.
  • #402
  • Feb 6, 2012 12:33pm Feb 6, 2012 12:33pm
Nice Results!! Can you post the indicator you are using? I cannot seem to get a point and figure indicator that works on my charts.

Quoting Baillie
Apparently 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...
Direction is more important than speed. Alot of people go nowhere real fast
  • #403
  • Feb 10, 2012 1:48am Feb 10, 2012 1:48am
The dollar index DXY +0.13% , which measures the greenback against a basket of six currencies traded at 78.739, from 78.582 in late North American trading on Thursday. “Markets are limping into the weekend... price action has had a risk off feel to it,” said Sue Trinh, strategist at RBC Capital Markets.[marketwatch 2012-02-10]
https://lh4.googleusercontent.com/-D...DvE/s576/1.png
Learn more :
~~~>img850.imageshack.us/img850/3847/12feb10.pdf
^^^ORvvv
~~~>iticsoftware.com/postimages2//201009/12Feb08.html
Inserted Code
https://docs.google.com/leaf?id=0BxxKzvQ2GlM8NGU4NjkxNmMtY2VmNC00Y2FkLWE2YTYtZDY2ZjhmZmY1YjQ5&sort=name&layout=list&num=50
A t t a c h m e n t
Inserted Code
https://docs.google.com/leaf?id=0BxxKzvQ2GlM8ZWJmZDFjNTgtNGRmOC00MmI2LWEzODItZWE1NzNmOGQ5YWI1&sort=name&layout=list&num=50
  • #404
  • Feb 21, 2012 3:28am Feb 21, 2012 3:28am
The dollar has risen versus its major currency counterparts despite a late week downside correction; this came after the heavily weighted EUR/USD currency pair rallied almost 200 pips on Thursday along with cable and other majors...[by forex-fx-4x]
https://lh3.googleusercontent.com/-B...jPg/s576/0.png
Learn more :
~~~>fforeman.byethost17.com/12Feb08.html
^^^ORvvv
~~~>iticsoftware.com/postimages2//201009/12Feb08.html
  • #405
  • Feb 22, 2012 1:24am Feb 22, 2012 1:24am
EUR/USD PNF 2012-02-22
box_size: 10 pips
reverse_size: 3

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-2012-02-22.PNG Size: 26 KB
  • #406
  • Feb 22, 2012 2:14pm Feb 22, 2012 2:14pm
Quoting puma2
EUR/USD PNF 2012-02-22
box_size: 10 pips
reverse_size: 3

Attachment
pls put free v1.1 here! i can't download it from main site.
  • #407
  • Mar 4, 2012 1:55pm Mar 4, 2012 1:55pm
On DXY if we get a pullback next week toward 78.50-ish we'd have a very mini head and shoulders bottom that could then manage to get up through this downtrend line/resistance. If I am wrong on this I think it's that we cross the downtrend line, head toward the spike near 80 and then pullback to retest the downtrend line. Either way I continue to think the dollar moves higher for now.[By Real Money Pro]
https://lh6.googleusercontent.com/-S...YoU/s576/1.png
Learn more :
Inserted Code
https://docs.google.com/open?id=0BxxKzvQ2GlM8ZWJmZDFjNTgtNGRmOC00MmI2LWEzODItZWE1NzNmOGQ5YWI1
^^^ORvvv
Inserted Code
http://img252.imageshack.us/img252/3377/12mar04.pdf
  • #408
  • Edited 4:34am Mar 5, 2012 4:31am | Edited 4:34am
Quoting pejman-m
pls put free v1.1 here! i can't download it from main site.
Hello pejman-m,
have you tried to click on the download link with right mouse button and select "SAVE LINK AS..." ?

http://www.forexpnf.info/index.php?s...digits_MT4.zip
http://www.forexpnf.info/index.php?s...digits_MT4.zip

p.s. fresh download can be found here:
http://www.forexpnf.info/mt4-point-a...pnf-indicator/

explanations here:
http://www.forexpnf.info/mt4-point-a...r/explanation/

and installation proccess here:
http://www.forexpnf.info/mt4-point-a.../installation/


Anyway, i am attaching it here.
Attached File(s)
File Type: zip Cute_PnF_indicator_v1.1_for_4_digits_MT4.zip   247 KB | 1,228 downloads
File Type: zip Cute_PnF_indicator_v1.1_for_5_digits_MT4.zip   235 KB | 1,182 downloads
  • #409
  • Mar 7, 2012 2:53pm Mar 7, 2012 2:53pm
Hi,

I was fortuned to find on Russian forum indicator I was looking for.
Below is the link to thread:
http://ruforum.mt5.com/threads/11199-skripti-indikatori-sovetniki-po-teme-krestiki-noliki

After short conversation (with help of Google translator ), author of this indicator allow me to post my “creation”, so here it is

Original indicator (X - dOrsey v1.9.mq4 ) is drawing boxes on main chart window. My modification (X - dOrsey v1.9.01.mq4 ) allow you to display it in separate window and as before you are able to attach as many instances as you like but you have to remember to change >UniqueNum<.

There are many modifications but original logic/math used for calculation stayed the same.
On screenshot I marked two of them in RED and BLUE:
(RED) – price used for box calculation; input >HL_CC< is responsible for this
(BLUE) – ability to shifting last column; input >LastColumnShift< is used for this

See inside the code and I hope you will be able to understand most of the logic used.
As for “repainting” – I’m quite sure this one is correctly drawing all the data. I tested it only for two days on 1M chart in the late evenings but columns never changed sizes.

I hope you like it, enjoy


Best regards
nht
Attached Image (click to enlarge)
Click to Enlarge Name: X-O chart.jpg Size: 127 KB
Attached File(s)
File Type: mq4 X - dOrsey v1.9.mq4   5 KB | 741 downloads
File Type: mq4 X - dOrsey v1.9.01.mq4   16 KB | 926 downloads
  • #410
  • Edited 2:10pm Mar 9, 2012 12:20pm | Edited 2:10pm
Hi,
Sorry guys but I've noticed that uploaded indicator has errors in drawing procedure.
I'm working on two MT4 terminals and switching between them I didn't noticed that I've uploaded wrong file.
Please use attached corrected/fixed indicator.

Best regards
nht
Attached File(s)
File Type: mq4 X - dOrsey v1.9.02.mq4   16 KB | 1,238 downloads
  • #411
  • Mar 13, 2012 1:55am Mar 13, 2012 1:55am
pair: EUR/USD
setup: 10x3
MAs: 10,20
trends: (non) 45 deg.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-2012-03-13.PNG Size: 36 KB
  • #412
  • Mar 19, 2012 5:37am Mar 19, 2012 5:37am
Hello everybody!
I have recently stumbled upon point and figure and became hooked. My foundation is du Plessis's book.

Looking on forex factory i found this thread so here i am looking to become an active participant.

For the moment, i am trading on 15mn chart [10 box size] mostly on eurusd. I am looking to go even shorter box size.

After this short introduction, this is what i am looking right now.
A setup on EurUsd. There has been a break of the 45 degress trendline indicating a possible end of the downtrend. Also a new up trendline ca be drawn.

Looking to enter on the double top break.
For now the order is: BUY @ 1.3191, stop loss 1.3120, preliminary target 1.345 resistance area. The 1.315 target from the bottom count has been reached so i am waiting for a new count to be established.

http://screencast.com/t/UNUQR6Yk
  • #413
  • Mar 19, 2012 3:51pm Mar 19, 2012 3:51pm
NZD/USD: After trading well into overbought territory, daily studies are finally starting to roll over to warn of a near-term top and bearish reversal. The latest break and close below 0.8250 confirms outlook and should now accelerate declines towards next key support by 0.8000 further down. Rallies should now be well capped ahead of 0.8300.
https://lh3.googleusercontent.com/-t...xEo/s576/1.png
Learn more :
~~~>img819.imageshack.us/img819/2316/12mar19.pdf
^^^ORvvv
Inserted Code
https://docs.google.com/spreadsheet/pub?key=0AhxKzvQ2GlM8dDBqYWl6XzlEbFZDWFVob0FMbG9nbGc&output=html
A t t a c h m e n t
Inserted Code
https://docs.google.com/document/pub?id=1Y5rnn301l8-O_xROiUY15UzqwhHoCWipS6mND6YTepY
  • #414
  • Edited 11:29am Mar 21, 2012 10:59am | Edited 11:29am
a follow up of my previous post on EURUSD. Will add price axis next time [forgot this time]. This setup is on current price action.

a double bottom break early on followed by another one which prompted me to exit. inner trendline broken. now waiting for main trendline to be broken to the downside or a resuming of the trend on the upside.

http://screencast.com/t/HzOk90iSdjjG

this is the initial setup [i accidentally deleted the picture from screencast]
Attached Image (click to enlarge)
Click to Enlarge Name: a13664932fefb712350bd6947cd80a47.png Size: 26 KB
  • #415
  • Mar 21, 2012 11:21am Mar 21, 2012 11:21am
Just added P&F to my trading. Glad to see your chart. But please add the name of your pair and a price axis to your chart.
  • #416
  • Mar 21, 2012 11:29am Mar 21, 2012 11:29am
Will do that next time. Thank you for your comments
  • #417
  • Mar 22, 2012 5:40am Mar 22, 2012 5:40am
A new trade on EU. Triggered by a double bottom break which also breaks the main up trendline. A new descending trendline can be drawn.
3 Targets:
- the count from the top of the range gives a target of 1.31
- there's a second count not yet activated with a potential target of 1.292
- bottom of the range at the 1.3 round number

Entry: sell @ 1.316 with SL @ 1.326
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-03-22_1232.png Size: 46 KB
  • #418
  • Mar 22, 2012 7:44am Mar 22, 2012 7:44am
Thanks for the chart. I'm still watching and learning.
  • #419
  • Mar 23, 2012 10:22am Mar 23, 2012 10:22am
Stopped out on last EU trade. The bulls are clearly in charge right now. A complete reversal forming a pole and a new potential up count. Also previous resistance is breached. Waiting for count activation and resuming of up movement.
Standing order: buy @ 1.33 SL 1.321 TP 1.358
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-03-23_1717.png Size: 65 KB
  • #420
  • Mar 23, 2012 11:01am Mar 23, 2012 11:01am
Quoting pfstudent
Stopped out on last EU trade. The bulls are clearly in charge right now. A complete reversal forming a pole and a new potential up count. Also previous resistance is breached. Waiting for count activation and resuming of up movement.
Standing order: buy @ 1.33 SL 1.321 TP 1.358
For me, Point and Figure charts works better as support and resistance than entry points. That said, this time may be different, because a break of resistance might be a buy, because the daily and weekly time frames will be bullish if the market closes above your resistance today. On my chart, resistance is at 1.3315.
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