Point and Figure Trading

As I skipped through FF and found no intraday P&F trading methods discussed I decided to create this thread. I welcome everyone to share their P&F trading successes / failures here. I will also put here my record of the trades based on P&F taken intraday.

Allright. Slowly getting to TP1 and maybe TP2.

Hi Big_A,

What currency is that?
By the way, nice chart.

It's EURUSD, obviously.

Results of the evening trade: TP1 reached immediately after my post, TP2 reached soon after midnight.
SL= 6 pips
TP1=23 pips
TP2=37 pips

Rk:Rw=1:5.

Morning trade. Shorted EURUSD with moderate TP of 15 pips. Monitoring AUDUSD for the breakthrough.

EURUSD trade stalled as the market forms triangle in the anticipation of the fundamentals. Trade closed in few pips profit.

AUDUSD reached my point of entry - short at 0.9505.

Evening trade: AUDUSD short 0.9505; SL 6 pips, TP1 0.9470 - +35pips, TP2 0.9455 - +50pips. R:Rw 1:7.

Friday trade. Waiting for USDJPY to reveal itself Possible buy on the breakthrough or on the bounce from the bottom line.

Hm, no interest. Ok then, best luck to all.

I use several charts to get a picture. Also, I don't use P&F as it was used (as it is described and recommended in the famous book of Jeremi du Plessis). Instead, I use 1pip box with 30 reversal (so 1x30) for a big picture and situational awareness where a price relatively is. Then I look to 1x10 P&F chart to draw channels based on price movement in the past and lastly I trade off 1x2 P&F charts to capture price fluctuation during the sessions intraday (Euro session and US session).

My idea was to create the thread for everyone who trades P&F to share their experience and insights, also their trades that where taken. If there is no interest, so be it.

EURUSD 1x10 P&F below. Longs opened with tight SL just few pips below bottom channel TL. Possible breakthrough down should be taken into account.

That's why I didn't post my settings before as I have no time nor wish to answer "how to setup" or "how to do". I welcome anyone who is trading already and has something to share. Sorry for being too straightforward with this.

Seems like EURUSD market wasn't able to go further down 1.3432 for a while where my SL resides.

EURUSD trade.

Having in mind NZD seasonality, long trade could be the option to make good profit with small loss risk. Check the article and the chart. Good luck.

http://www.efxnews.com/story/21942/h...-nzd-trade-anz

Agree, I also have a small NZD/USD long from last Moday at Breakeven. Expecting a big move soon

1/2 EURUSD and 1/2 NZDUSD long positions' closed.