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Intraday Point and Figure Trading

  • #501
  • Jan 15, 2014 4:47pm Jan 15, 2014 4:47pm
If anyone's interested, some time ago I worked on a method of using Excel for PnF charts using MT4 data. You can check out the thread here...

http://www.forexfactory.com/showthread.php?t=301519

Quoting systematicfx
{image}
  • #502
  • Jul 6, 2014 9:04am Jul 6, 2014 9:04am
Hi all, is anyone still trading by Point & Figure method... Would love to have trading discussions by this method..
  • #503
  • Jul 6, 2014 3:15pm Jul 6, 2014 3:15pm
I use Oandas Point and Figure chart, but it is limited to only a few X and O's. 10, 20 or 30 I believe. I get a basic view of price extensions with it, but it isn't great as Wyckoff got down to the slightest detail and smaller values, log scale he called it. I don't know if the larger number counts would be that reliable. I see Caldera, previous entry, has a point and figure chart software to download. I may try that, do you have to have excel installed. Or will it run with MT4 only. I wonder! Part of the trouble with point and figure is most platforms don't have it and if they do it is like the previous entry where you have to go through a bunch of downloads and hope it works. And some of the point and figure charts in Mt4 suck. There are some free EA's but they in no way resemble point and figure charts like Wyckoff used. and basically worthless. Wyckoff did it by hand and paper. So with some practice a person could do it by paper without all the software nonsense. I am trading Forex right now, and I wonder if it is even suitable for FX, since Wyckoff traded stocks, not FX. Rencko is suppose to be a good alternative to P & F. But I haven't ventured there either. David Weiss has the Wyckoff wave chart which Wyckoff came up with giving a representation of the top 5 stocks, a barometer, and with it the P & F is not needed, but again it is basically a Stock chart and not intended for FX.
  • #504
  • Jul 7, 2014 12:25am Jul 7, 2014 12:25am
Hi SweatX thnks for ur reply.. Download the caldera's work.. Its amazing to use it n am experiencing it..
Yes u need to have excel installed.. Ur thoughts are exactly similar to mine no MT4 has proper P&F programs..
P&F is good with anything, it can be used with FX too, am using it.. Since P&F is purely price based & no time factor in it, it can be used in anything..
Have u learnt book by Jeremy Du Plessis on Definitive guide to Point & Figure..
Do u hve a facebook accnt, if u can gimme ur id i will add u to my grp.. send the id thru inbox..
I would love to engage in more discussion with P&F trade setups.. since we cant find many people who r using this method..
Wil be waitin for ur reply.. Hve a grt day..
  • #505
  • Jul 7, 2014 3:39am Jul 7, 2014 3:39am
Yep, I do use point and figures as well.
  • #506
  • Jul 7, 2014 5:31am Jul 7, 2014 5:31am
I'm also using PnF charts in conjunction with VSA. I use Sierra Chart as my trading platform. They offer a PnF study, i'm using an edited version of this to correct errors they had in the logic. Get in touch via PM, i'd be happy to have someone to talk PnF charts with!
  • #507
  • Jul 7, 2014 6:13am Jul 7, 2014 6:13am
I am currently using tradestation and reuters for the point and figures but none are perfect. Used to do it manually back in the late 80's and beginning of 90's.
that was our main tools in banks (for spot) I am currently developing a P&F web application in HTML5.
  • #508
  • Jul 7, 2014 6:54am Jul 7, 2014 6:54am
Quoting systematicfx
I am currently using tradestation and reuters for the point and figures but none are perfect. Used to do it manually back in the late 80's and beginning of 90's. that was our main tools in banks (for spot) I am currently developing a P&F web application in HTML5.
I'd be very interested in helping in any way I could, whether it's testing or otherwise!
  • #509
  • Jul 7, 2014 7:32am Jul 7, 2014 7:32am
Wow so happy to see people using P&F method.. r u guys willing to join my grp.. Ur wisdom will be very grt.. We can have trade discussions.. Since am the only one who uses P&F n couple more r learning.. So it will be very cool to meet..
  • #510
  • Jul 7, 2014 7:38am Jul 7, 2014 7:38am
Quoting Dindulkar
Wow so happy to see people using P&F method.. r u guys willing to join my grp.. Ur wisdom will be very grt.. We can have trade discussions.. Since am the only one who uses P&F n couple more r learning.. So it will be very cool to meet..
Where's the group? I might be interested.
  • #511
  • Jul 7, 2014 7:41am Jul 7, 2014 7:41am
Its a facebook grp.. only few people r in this.. R we might start to share the trade setups n discussions here.. Ur call..
  • #512
  • Jul 7, 2014 8:00am Jul 7, 2014 8:00am
One of the trade calls for this week..
Attached Image (click to enlarge)
Click to Enlarge Name: Silver 15 10_3.png Size: 96 KB
  • #513
  • Jul 7, 2014 1:01pm Jul 7, 2014 1:01pm
Wow! Apparently there are a lot of traders using point and figure. I don't have a Facebook account. I don't like the security issues. But I will download Calderas excel software for MT4. I use Mt4. May take me a while to get it figured out. I guess I need Excel to, is that freeware and if so do you have a link for it and which version should I download. In my opinion Wyckoff analysis without P&F is like peanut butter without jelly. It would be great to use P&F with my strategies. Yes I have that book.
  • #514
  • Jul 7, 2014 1:35pm Jul 7, 2014 1:35pm
Quoting sweatx
Wow! Apparently there are a lot of traders using point and figure. I don't have a Facebook account. I don't like the security issues. But I will download Calderas excel software for MT4. I use Mt4. May take me a while to get it figured out. I guess I need Excel to, is that freeware and if so do you have a link for it and which version should I download. In my opinion Wyckoff analysis without P&F is like peanut butter without jelly. It would be great to use P&F with my strategies. Yes I have that book.
download n follow the instructions.. charts are not in mt4, its in excel.. its not a live update.. u need the data from mt4 n draw it in excel...

Download microsoft office 2007.. if u follow the instructions u can get it.. if u need any guidance i can help u...

The moment i started learnin wyckoff analysis i understood i needed P&F.. we will surely discuss more on wycoff with P%F..
  • #515
  • Jul 8, 2014 1:15am Jul 8, 2014 1:15am
http://www.forexfactory.com/showthread.php?t=493684

Guys join this grp which i started.. We all can share our trade discussions.. Hope to see u al soon thr..
  • #516
  • Jul 8, 2014 6:54am Jul 8, 2014 6:54am
@kinsaleforex. I will keep you in mind when time comes.
Dindulkar. will post on your page soon. I have a page on facebook as well called Point & figures if you want to check.
  • #517
  • Jul 8, 2014 10:09am Jul 8, 2014 10:09am
Quoting Dindulkar
{quote} download n follow the instructions.. charts are not in mt4, its in excel.. its not a live update.. u need the data from mt4 n draw it in excel... Download microsoft office 2007.. if u follow the instructions u can get it.. if u need any guidance i can help u... The moment i started learnin wyckoff analysis i understood i needed P&F.. we will surely discuss more on wycoff with P%F..
I downloaded the Mt4 P&F, but I did not download Excel. I did get a virus. I accidentally downloaded WSE Rockett, and it messed up my PC big time. I had to redo my harddrive. Don't download this program. I did it by mistake. I use to have office, I don't know if I still do. Probably an older version. That is usually Shareware. I'll check it out. Thanks!
  • #518
  • Jul 9, 2014 12:28am Jul 9, 2014 12:28am
Quoting sweatx
{quote} I downloaded the Mt4 P&F, but I did not download Excel. I did get a virus. I accidentally downloaded WSE Rockett, and it messed up my PC big time. I had to redo my harddrive. Don't download this program. I did it by mistake. I use to have office, I don't know if I still do. Probably an older version. That is usually Shareware. I'll check it out. Thanks!
r u sayin this Pnf has virus.. i don have any issues using it.. It's a macros function..
  • #519
  • Jul 9, 2014 8:35am Jul 9, 2014 8:35am
No I am not saying P&F has a virus. I got a virus accidentally. I was downloading the P&F software caldera had mentioned and up popped WSE Rockett. Somehow it was installed on my Browser tool bar and I could not get rid of it. To be honest I don't know if I accidentally installed it or if it was deliberately installed on my browser. I did uninstall it in My Programs but it was still showing up in my search box. So I had to reformat my hardrive. I don't know if anyone on this site is making money off these links or not or using them for advertising purposes. For one thing Microsoft Office is not free. It is share wear not free wear. I did get an older version of Excel I have, so I'll try it out with the P&F. I am not accusing anyone, I am just saying be careful with these links because there is a lot of advertising and viruses abound.
  • #520
  • Jul 9, 2014 12:04pm Jul 9, 2014 12:04pm
Nothin taken as Offence Mate.. No worries..
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