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Point and Figure Chart Analysis for USD/JPY 28 replies

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Point & Figure Analysis

  • #1
  • First Post: Edited May 30, 2015 7:37am Jul 8, 2014 1:00am | Edited May 30, 2015 7:37am
I would like to welcome all to this thread of Point & Figure Analysis..

When i started learning P&F i was searching for the P&F charts which can update live data, but after i came across MR.Caldera work i realized that u just don't need live update.. Most of the Live chart updates i tried using slowed my computer.. U can use his work, he was happy to know that i was using it successfully.. Just follow the instructions in his folder & u can plot the P&F charts.. Always remember to place the correct the point size which is 5 or 4 decimals according to your broker orelse u will get a error..

The book u have to read is Definitive Guide to Point & Figure by JEREMY DU PLESSIS

I would love to see more people joining & posting P&F charts.. If u have learnt Wyckoff Analysis you will have a added advantage of using P&F to the best..

Ur replies will be greatly valued..

All the Best to everyone.. Lets get the ball rolling.. Lets grow together..


I have made some snapshots to simplify your installation & how to setup charts.. Hope this Helps..

Attached File(s)
File Type: rar PnFv4.rar   45 KB | 1,530 downloads


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  • #2
  • Jul 8, 2014 1:27am Jul 8, 2014 1:27am
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 15 50_3.png Size: 93 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Silver 15 10_3.png Size: 92 KB
  • #3
  • Jul 8, 2014 1:55am Jul 8, 2014 1:55am
1x3 pip UJ snapshot.

Attached Image (click to enlarge)
Click to Enlarge Name: Chart_USD_JPY_7 Days_snapshot.jpg Size: 176 KB
For my fallen angels.
  • #4
  • Jul 8, 2014 2:26am Jul 8, 2014 2:26am
Quoting Big_A
1x3 pip UJ snapshot. {image}
Thnks for the post BIGA.. lets keep goin..

5pip *1 reversal UJ 15minTf
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 15 50_1.png Size: 68 KB
  • #5
  • Jul 8, 2014 2:47am Jul 8, 2014 2:47am
2 pip* 1 reversal GU 15min Tf

1.7142 zone to watch out for..
Attached Image (click to enlarge)
Click to Enlarge Name: GU 15 20_3.png Size: 62 KB
  • #6
  • Jul 8, 2014 4:00am Jul 8, 2014 4:00am
Which data are u using to create these PnF?
  • #7
  • Jul 8, 2014 7:08am Jul 8, 2014 7:08am
Quoting systematicfx
Which data are u using to create these PnF?
Data from MT4 only.. Tools --> history center... Data is imported from there to create chart in Excel..
  • #8
  • Jul 8, 2014 7:28am Jul 8, 2014 7:28am
Few hours later in London session..
Attached Image (click to enlarge)
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  • #9
  • Jul 8, 2014 9:48am Jul 8, 2014 9:48am
5Pip*3 Reversal GU 15min Tf
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  • #10
  • Jul 8, 2014 10:00am Jul 8, 2014 10:00am
Here's a quick example of a VSA / PnF strategy i've been working on for a while.

USD/JPY yesterday and today.

I'm marking high volume zones on the 15min charts and looking for reactions in and around these zones on a 1x3 PnF chart.

First chart - Two zones on the HLC chart - green and orange. These zones are then carried over to the PnF chart.

Attached Image (click to enlarge)
Click to Enlarge Name: 08-07-2014_UJ_Examples.png Size: 97 KB


Entry 1 - Falling bottoms to break out of the zone. On the retrace I was lucky not to get stopped at the previous high.
Entry 2 - Falling bottoms again as the market breaks the low of the orange zone.
Entry 3 - This morning, the market attempts to push up past the 50% and fails with two No Demand (VSA term) retraces.

Second Chart - Massive volume zone where the current weakness originated.

Attached Image (click to enlarge)
Click to Enlarge Name: 08-07-2014_UJ_Examples2.png Size: 46 KB


I don't really want to get into too much volume chat as this is a PnF thread, but I wanted to demonstrate the type of analysis i'm doing with PnF.
  • #11
  • Jul 8, 2014 1:43pm Jul 8, 2014 1:43pm
Quoting KinsaleForex
Here's a quick example of a VSA / PnF strategy i've been working on for a while. USD/JPY yesterday and today. I'm marking high volume zones on the 15min charts and looking for reactions in and around these zones on a 1x3 PnF chart. First chart - Two zones on the HLC chart - green and orange. These zones are then carried over to the PnF chart. {image} Entry 1 - Falling bottoms to break out of the zone. On the retrace I was lucky not to get stopped at the previous high. Entry 2 - Falling bottoms again as the market breaks the low of the orange zone....
This is exactly what am doin now & combining with VSA.. Thts y i stated at the first post if u knw wyckoff analysis u can use P&F to the best.. Keep posting charts like this..

By the way can tell me wats the charting software n vol analysis u r using.. would love to give to try..

Can u explain wat is falling bottoms these terms, i have studied with one name n someone posts with other name its kinda confusing..
  • #12
  • Jul 10, 2014 12:59am Jul 10, 2014 12:59am
Can anyone tell y the thread is moved to Interactive Trading from Trading System.. Is it tht do i have to do anythin to keep it under Trading system...
  • #13
  • Jul 10, 2014 3:29am Jul 10, 2014 3:29am
Hi,

I am wondering what you guys use as a volume measure?
If you do not get EBS, fxall, 360T or some of the top 5 banks platform....
It s going to be difficult to get a proper measure.
  • #14
  • Jul 10, 2014 6:07am Jul 10, 2014 6:07am
Quoting systematicfx
Hi, I am wondering what you guys use as a volume measure? If you do not get EBS, fxall, 360T or some of the top 5 banks platform.... It s going to be difficult to get a proper measure.
Wen u r reading vol its not abt absolute vol, its always relative vol...
Vol alone is jus half of analysis, it always relative to price spread..
So vol always compared to prev bars and its spread.. Thts how u read vol..
  • #15
  • Jul 10, 2014 7:35am Jul 10, 2014 7:35am
Posted couple of days back abt & thr we go.. Silver 15Min Tf 10Pip* 3Reversal.. Price Broke the top.. Personally my order had slippage due to spread diff..

EURUSD 15Min Tf 5Pip* 3Reversal.. PA forming a double bottom..
Attached Image(s) (click to enlarge)
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  • #16
  • Jul 10, 2014 7:55am Jul 10, 2014 7:55am
GBPUSD 15Min Tf 5pip*3 reversal..
Attached Image (click to enlarge)
Click to Enlarge Name: GU 15 50_3.png Size: 110 KB
  • #17
  • Jul 12, 2014 12:13pm Jul 12, 2014 12:13pm
Quoting Dindulkar
{quote} This is exactly what am doin now & combining with VSA.. Thts y i stated at the first post if u knw wyckoff analysis u can use P&F to the best.. Keep posting charts like this.. By the way can tell me wats the charting software n vol analysis u r using.. would love to give to try.. Can u explain wat is falling bottoms these terms, i have studied with one name n someone posts with other name its kinda confusing..
Sorry for the delay in replying, been busy since posting those charts.

The charting software is Sierra Chart. They offer their own PnF study as part of the software but it is incorrect. I had to pay a programmer to fix the original study and plot the chart as per Du Plessis' and Weber and Zieg. Sierra refused to fix the study themselves. There are still a few small errors in the study that i'd like to get fixed but I haven't got the money to pay for the programmer at the moment and they're only small things that happen rarely.

The volume is HiddenGap volume coded for Sierra. Another study paid for outside of Sierra.

I use multiple different names for set ups. I think the official name is descending triple bottom!
  • #18
  • Jul 12, 2014 12:14pm Jul 12, 2014 12:14pm
Quoting Dindulkar
Can anyone tell y the thread is moved to Interactive Trading from Trading System.. Is it tht do i have to do anythin to keep it under Trading system...
I would imagine because it's not your trading system. It is people discussing point and figure and their own way of trading it - multiple systems. Therefore, it's an interactive thread.
  • #19
  • Jul 14, 2014 7:09am Jul 14, 2014 7:09am
Quoting KinsaleForex
{quote} Sorry for the delay in replying, been busy since posting those charts. The charting software is Sierra Chart. They offer their own PnF study as part of the software but it is incorrect. I had to pay a programmer to fix the original study and plot the chart as per Du Plessis' and Weber and Zieg. Sierra refused to fix the study themselves. There are still a few small errors in the study that i'd like to get fixed but I haven't got the money to pay for the programmer at the moment and they're only small things that happen rarely. The volume...
Thanks for the reply Kinsale..
  • #20
  • Jul 14, 2014 7:13am Jul 14, 2014 7:13am
EU & EJ Completed its reversal & its near the Trendline.. With Draghi Speaking tonight we can expect Volatility..

EU & EJ 15Min Tf 5pip*3 reversal..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EJ 15 50_3.png Size: 115 KB
Click to Enlarge Name: EU 15 50_3.png Size: 107 KB
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