[point & figure] P&F Analysis

[PFtrader 10]

Attaching two of my analyzed charts. Will be posting more analysis as time goes by.

 

I am using Bull's-Eye Broker point and figure charting soft as my only trading tool. I have been keeping point and figure charts by hand earlier but finally chose to start using the PC.

 

Usually point and figure charts are enough. Sometimes I look at bar charts if there is something I need to analyze in more detail.

 

Also attaching the very overbought Bullish % calculation!

[apfx 10]

PFtrader, lets keep this thread going:

 

Bearish Catapult

 

Ascending Triple Top Breakout

Edited October 11, 2009 by apfx

[Tams 20]

for the poor soul who have not committed to buying a dedicated PnF software...

here's a PnF Simulator in EasyLanguage:

 

 

http://www.traderslaboratory.com/forums/f46/point-figure-simulator-6281.html

 

[PFtrader 10]

Forgot to mention that my charts were Adobe ADBE and SP500.

[PFtrader 10]

3M (MMM) had a nice breakout from the 65 level, and also broke out from the downtrend at the same time.

 

With strong relative strength.

 

Let's see how MMM fares.

[PFtrader 10]

ticker ATI

 

The downtrend has now turned, the old resistance is now support. The rally from support is with very strong Relative Strength.

[Jumper 10]

You guys till around? I'm keen to get into PF more, keep the charts coming

[PFtrader 10]

Sorry been away for quite some time and haven't had time to keep up the posting. Have been charting though and there have been nice trades.

 

At least in my opinion point and figure is ideal as I can be very busy with other things but there is always time to have a loook at the point and figure charts since it is so quick.

 

There's also a free ebook Point and Figure Method of Anticipating Stock Price Movements if you want to learn, but I will continue posting here as soon as the avalanche of work I have is over.

[apfx 10]

Bearish Catapult

 

[Stock.Jock 10]

Is this the PnF method used in Wyckoff trading?

[Emotion 10]

Are there people around who use P&F charts for day trading futures like ES or NQ?

[daVinciLite 10]

Are there people around who use P&F charts for day trading futures like ES or NQ?

 

You bet. Although a better name is "swing charts" as opposed to point & figure. I don't use the X and O format. My charts either have volume information inside of them or are simple bar charts that use color instead of X's and O's. The ES "6 tick swing chart" has a following.

 

-dVL

 

 

"That sounds like over educated and under intelligent"

John Gotti NY Mafia

[sharehunter 10]

Dear Friends!

 

Point and Figure is an important part of my method. For stock trading I use an excellent software which named “Bull’s Eye Broker”. Unfortunaly, this software don’t support realtime data feed and only support EOD data in which I also begin to trading forex now.

 

If you know, please kindly introduce to me software which support Point&Figure, realtime data feed. It is more excellent if it also support Wyckoff Point& Figure chart

 

Many many thanks for your helps

 

the bellow is short desciption about Wyckoff Point&Figure

 

 

The Wyckoff method is a special type of point & figure chart. It uses a single box reversal instead of the more common three-point reversal. It also varies from the standard point & figure chart because it can contain both X’s and O’s in the same column. This will occur whenever there is only a single entry made in a column. For example if we had a single X in a column followed by 3 O’s, the O’s will be displayed in the same column as the X. In a Wyckoff chart there must always be more than one entry in a column.

Let's take an example. The box size for these values is $1.00. Note that a Wyckoff chart can also use high and low data, but for clarity we have selected closing price data only.

Date Day Close

10/02/98 Tue 55.00

11/02/98 Wed 57.00

12/02/98 Thu 56.00

13/02/98 Fri 57.00

16/02/98 Mon 58.00

17/02/98 Tue 59.00

18/02/98 Wed 56.00

19/02/98 Thu 57.00

20/02/98 Fri 56.00

23/02/98 Mon 57.00

24/02/98 Tue 56.00

On 11/02/98 the chart rose from $55 to $57. This resulted in 3 X’s being plotted in the first column. The very next day there was a pull back of one box to $56. Because we are using a one-point reversal, we move to the next column and plot the single O. The next day the price rises again to $57. This again is a reversal, however we do not move to the next column because we have only made one entry in the current column. The upward movement continues until the chart reaches $59 on 17/02/98. Continuing to plot the data in this fashion will produce the chart below:

$60.00

$59.00 X

$58.00 X O

$57.00 X X O X X

$56.00 X O O O O

$55.00 X

Other than the two requirements described above, the Wyckoff point & figure chart uses the same principals as a standard three-point reversal chart

[Tams 20]

MultiCharts supports PnF charts.

[clmacdougall 11]

esignal supports PnF. You can change the box size and reversal size or whatever the inputs are for it. It all works in real time.

[sharehunter 10]

finally, I found out that Updata software can be a good candidate. it is realtime data feed, can supply P&F chart, it also can make P&F chart following Wyckoff way