Trading with point and figure

[Dentalfloss]

:cheers::cheers::cheers::cheers::cheers::cheers::cheers::cheers:

Been a great day sofar, collected a shedfull of pips in a couple of hours, love it.

excellent
shedloads to ya

 

[Dentalfloss]

this good weather...excellent for building new sheds
better still....rent an aircraft hangar

 

[Moneylender]

this good weather...excellent for building new sheds
better still....rent an aircraft hangar

Rather spend them, PnF will always replace them

:clap::clap::clap:

 

[Dentalfloss]

Rather spend them, PnF will always replace them

:clap::clap::clap:

spend them on the misses

 

[foroom lluzers]

I trade options , so I dont get stopped out

I avoid fear , of missing out , of letting profits slip away with break downs of trade.

http://www.trade2win.com/articles/2034-fear

i bought daily 1.2200 call for 11 ticks , cause greed of wall street drives prices higher.11 risk , closing price at 4.33 pm today.

9 minutes to expiry price 33 so far

 

[foroom lluzers]

price at 42

 

[Atilla]

Rather spend them, PnF will always replace them

:clap::clap::clap:

You could spend them on one of these flights...


http://edition.cnn.com/2013/08/15/travel/virgin-galactic-250000-ticket-to-space/


Or just send the Mrs so you can get some quality time to trade in peace and tranquility

 

[foroom lluzers]

i bought daily 1.2200 call for 11 ticks , cause greed of wall street drives prices higher.11 risk , closing price at 4.33 pm today.

9 minutes to expiry price 33 so far

closed at 31 ,21 ticks profit

 

[Dentalfloss]

closed at 31 ,21 ticks profit

what did it cost at our 12170 breakout..?? at 11am ish
approx 70 point pump

 

[Dentalfloss]

Where in p & f charts does it tell you the following ?

Wall street closing previous end of day prices , if they rise before the next day open or fall before the next open , in most cases revert to previous close prices.

dunno....lol
but
we marked a confluence of technical supp at 20.6K at the close
market usually goes straight for that

 

[Dentalfloss]

You think you are living in a tipee , money lender took 50 ticks .

Is 50 ticks scalping?

This is p f thread

p/f ...you are always in a trade
depending on your time horizon...that dictates when you want to close it
our time horizon is from 1 minute/5 minute data
it could be 60 min or daily

 

[foroom lluzers]

what did it cost at our 12170 breakout..?? at 11am ish
approx 70 point pump

You did not call it cleanly , if you said I am long at 70 stop 28 etc if you put it on fine , so until i understand your pump or dump signals , i can not follow them

It cost nothing , except grey hairs being stressed out.

 

[foroom lluzers]

Here money lender

Just a hint:Timing the market is difficult , it becomes day trading and 99 % lose at day trading .Eventually this timing will lose you a lot of money , it is like going to a roulette wheel and predicting the next landing , when market becomes extremely volatile, mixed and un predicatable..I just buy and hold for the swing with options as protection.

I am long 2130 with 2050 puts as protection and written 2150 weekly calls *2

closed cash for 80 profit , loss on calls 44 and put 12 , profit 24

 

[foroom lluzers]

I am using a method generating 140 ticks a week (7000 a year )profit with capital of 2300 ticks .

How does it sound? drawdowns 800

 

[Dentalfloss]

I am using a method generating 140 ticks a week (7000 a year )profit with capital of 2300 ticks .

How does it sound? drawdowns 800

dunno..
am only interested in taking p/f signals
pip count is irrelevant to me...only the misses looks at it

 

[foroom lluzers]

dunno..
am only interested in taking p/f signals
pip count is irrelevant to me...only the misses looks at it

How different is pf from tick charts?

 

[foroom lluzers]

Designed for long-term investment, point and figure (P&F) charts have been described as one of the simplest systems for better determining solid entry and exit points in stock market trading.

U using them for scalping?

lol

 

[Moneylender]

Designed for long-term investment, point and figure (P&F) charts have been described as one of the simplest systems for better determining solid entry and exit points in stock market trading.

U using them for scalping?

lol

Well I took over 150 pips today about 2 hours work, yes we use them for scalping!

 

[Dentalfloss]

Designed for long-term investment, point and figure (P&F) charts have been described as one of the simplest systems for better determining solid entry and exit points in stock market trading.

U using them for scalping?

lol

yes sir

 

[Dentalfloss]

:smart::smart::smart::smart::smart::smart::smart::smart:

Well I took over 150 pips today about 2 hours work, yes we use them for scalping!