Trading with point and figure

[Dentalfloss]

price moved into 9800 res area at 7.21am
note how downtrend after got burnt out..then we got long signal
price back into 9800 area...then short signal//consecutive double bottoms...and back in..stopped out for a great run
good dump and a bounce to prev supp/res..purple horizontal

 

[Dentalfloss]

Stop tightened!

great..in trend res on my chart posted at 9750 has been prev supp
excellent stuff:smart::smart::smart::smart::smart:

 

[Moneylender]

great..in trend res on my chart posted at 9750 has been prev supp
excellent stuff:smart::smart::smart::smart::smart:

Stopped out for a good few but missed the short

 

[Dentalfloss]

Stopped out for a good few but missed the short

u gotta be ready for those
straight into our 9707 area we marked on the chart

 

[Dentalfloss]

in our 1986-1988 area/supp
lets see if the bulls come out

 

[Dentalfloss]

dax updated chart
in supp area
close plot

 

[Dentalfloss]

bulls should start comin out
no guarantees..lol

 

[Dentalfloss]

spx updated chart

 

[Moneylender]

slight overshoot!!

 

[Dentalfloss]

too early to say if its a top
if price bounces..then reaction at 2001-2004 area/red

 

[Dentalfloss]

close plot gets rid of alot of rubbish

 

[Dentalfloss]

bulls came out...excellent

 

[Dentalfloss]

bulls came out...excellent

back into 9750
excellent run
stopped out

 

[f2calv]

Mr D a question - I'm working on code to create the P&F data from raw data.

I see on http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:pnf_charts:pnf_basics they talk about 4 different types of calculating box sizes.

• Traditional - which just seems a very old-fashioned to me...
• Percentage
• Dynamic (ATR)
• User-Defined

Looking at the Traditional sizing method, is there ever an occasion when the box size changes on a single chart? i.e.
20.00 to 100, box size = 1.00
100 to 200, box size = 2.00
So if the price range is from lets say 20.00 to 140 - some of the chart is based on a box size of 1 and the remainder of the chart is based on a box size of 2?

From what I've seen you appear to use mainly User-Defined and occasionally Percentage box sizes, would this be about right? Are there any occasions when you have used Dynamic/ATR based box sizes?

Sorry to ask some probably obvious questions but I'm still waiting on the du plessis book to arrive...

 

[Dentalfloss]

only arithmetic or %log box size

 

[Dentalfloss]

can you plot close aswell as hilo ??
close really gets rid of rubbish

 

[f2calv]

only arithmetic or %log box size

So arithmetic is just user-defined, log-box... this could be getting more complex lol

can you plot close aswell as hilo ??
close really gets rid of rubbish

Yep - I can do hi/lo and close as of this moment.

F2
badly needed
lo/hi plot
not available on Bullseye

Silly question, is the lo/hi is just a lo/hi plot flipped? More details in the du plessis book I'm guessing?

 

[Dentalfloss]

So arithmetic is just user-defined, log-box... this could be getting more complex lol


Yep - I can do hi/lo and close as of this moment.k



Silly question, is the lo/hi is just a lo/hi plot flipped? More details in the du plessis book I'm guessing?

No...in the book
%log...ytake the log of the number and increase that number by percentage.ie 0.5%

 

[f2calv]

No...in the book
%log...ytake the log of the number and increase that number by percentage.ie 0.5%

Ok gotcha.

 

[Dentalfloss]

%log adapts the box size automatically...especially with big price changes