Trading with point and figure

[Dentalfloss]

Dental floss,

Your charts aren’t P&F charts, are they?
Why don’t you post those? Or what am I missing?

Thanks, gis

Hi Gizmo
You are right...they are not p/f..I have adapted the p/f meyhod onto bars and line charts......Saves a whole lot of messing around with box sizes and reversals....When i am not sure i put on a p/f chart...those are the Bullseye ones

 

[Dentalfloss]

Hello Everybody,

Which timeframes are you using when trading with PnF charts?
Do different instruments or stocks have different timeframes that work best?

Thanks, gis

Timeframe is a bit irrelevant..its the price movement we want...The data just happens to come in 1/5/15 min packages from the broker

 

[Dentalfloss]

Dax into the open
Our rez area just about contained the price

 

[Dentalfloss]

pulling back....a tad

 

[Dentalfloss]

Dow into the open

 

[Dentalfloss]

Do we get blue.?

 

[Dentalfloss]

 

[Dentalfloss]

The problemis...
Do we pull back and then start a new downtrend or does it start a new uptrend

 

[Dentalfloss]

first supp area

 

[Dentalfloss]

sellers need it to stay under purple

 

[Dentalfloss]

zip
straight into support]#

 

[Dentalfloss]

will it hold.?

 

[Dentalfloss]

 

[Dentalfloss]

 

[Dentalfloss]

back into our zone

 

[Dentalfloss]

we got blue...excellent stuff

 

[Dentalfloss]

 

[Dentalfloss]

and bounce

 

[Dentalfloss]

 

[Dentalfloss]

Gizmo...That is a p/f chart