Trading with point and figure

[cantagril]

Someone has cracked it, good work.

Nah. Thanks for kind words though. It was a crap entry with a better exit. Just like yesterday's effort. I'm really bad at judging when to get in....and only slightly worse on when to get out

 

[inzimam]

Just to confirm, are the charts you use got the dax being a box size of 8 points and reversal of 3. What confuses me is when you then say 15 min data. I thought point and figure charts are time independent

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[cantagril]

Just to confirm, are the charts you use got the dax being a box size of 8 points and reversal of 3. What confuses me is when you then say 15 min data. I thought point and figure charts are time independent

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They are indeed time independent but you still need a time period for the data source. 8 X 3 15min data does work quite well for the Dax. I posted a 5 minute chart this morning and you can use any time period you want from tic up to week or whatever.

This T2W article may help:
http://www.trade2win.com/articles/742-point-figure-charting-part-1-basics

 

[Moneylender]

I use a 15M chart usually set at 8x3, although I can and do change those settings sometimes to get the best scenario to determine levels and trends that I am interested in. For entries and exits I use a both a PnF set @ 4x2 AND a tick chart, that way I can pinpoint both exits and enties.

Hope this helps.

 

[cantagril]

I use a 15M chart usually set at 8x3, although I can and do change those settings sometimes to get the best scenario to determine levels and trends that I am interested in. For entries and exits I use a both a PnF set @ 4x2 AND a tick chart, that way I can pinpoint both exits and enties.

Hope this helps.

Have you got real time on Cute p&f?

 

[Moneylender]

Have you got real time on Cute p&f?

Yes. But there are some limitations.

 

[Moneylender]

Here is a close up of DAX today showing the main moves, I like to get at least two attempts at a "level" before I trade it, but all rules are there to be broken!

 

[Moneylender]

Now I am confused, I expected it to stop @ 12225, small over shoot now back to 220

Maybe the brokers are reading this board.

 

[cantagril]

Now I am confused

I'm waaaay ahead of you. I'm confused almost all the time.

Still got my 220 longs and added a couple more at 195. I'll take 232... if I can get it

 

[Moneylender]

In minor res now 12220 should get through it

 

[inzimam]

Will it recover now. What's the support now

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[Moneylender]

12140-50 area is support. pump or dump there?

 

[Dentalfloss]

21756 to 21777 rez marked
21786 the high....must improve...lol


250 pips a day....take rest of week off

 

[Moneylender]

21756 to 21777 rez marked
21786 the high....must improve...lol


250 pips a day....take rest of week off

You been quiet, harvesting the pips eh?

:smart::smart:

 

[cantagril]

I'm waaaay ahead of you. I'm confused almost all the time.

Still got my 220 longs and added a couple more at 195. I'll take 232... if I can get it

Hmmm. Now fully hedged and have cunningly locked in an average loss of 20 pips per lot until it clambers back up

 

[Dentalfloss]

You been quiet, harvesting the pips eh?

:smart::smart:

Been bizzee with the dollar and Dow.....dax has got a bit messy....ditto ftse

 

[Moneylender]

12200 res care here

 

[inzimam]

They are indeed time independent but you still need a time period for the data source. 8 X 3 15min data does work quite well for the Dax. I posted a 5 minute chart this morning and you can use any time period you want from tic up to week or whatever.

This T2W article may help:
http://www.trade2win.com/articles/742-point-figure-charting-part-1-basics

Thanks for this, helpful!

 

[Moneylender]

Morning all

The way back up....

 

[Moneylender]

Those three gold break down levels will all be res on the way up, as well as the coloured levels, if thats the way we go.