Recent content by Abnash

To wrap up my views, here are the line and higher level PnF charts as well. Dentists point about using the line charts does make sense, as they appear to be easier to comprehend. The Wyckoff chart appears to track the line chart more intuitively in shape and size from my perspective. (others may...

And finally the charts to trade with 2 min data bars as input to the PnF platform with both Wyckoff and 3 box reversals.

20 min and 10 minute time frames... Is something new being seen?

And now the same data in 20 min output. The label on the second chart should have read 20 min x 12 x 3 .. For the same box setup, the Wyckoff chart shows a smoother view of the trend. One more box size and then we look at the charts to trade with.

Here is Nifty futures data represented in different chart configurations for discussion. The period is Feb-March 2012. Wyckoff 1 box reversal seems to give smoother data for analysis - up for discussion.

Hi Dentist, Yes, you are right, the current charts are a bit noisy, so I did some work with larger box size and that gives patterns which are easier to analyse. I will post some examples of that. Thanks for suggesting a structured approach to using the trends. I will test the approach you...

Re: P&F and Time This is a very interesting view of how to use PnF charts. And the answer is really just around your trading objectives. If you are a day trader, you would like to filter out the excessive tick noise by choosing to use 1, 2,3 or 5 minute bars as input for the point and figure...

Backtesting remains a good idea to use historical data to test your PnF skills. No PnF software provides that. A work around, which I have used effectively is to use a normal charting platform, say, Amibroker, with good scripting that allows you to select and output data into a text file which...

Couple of examples to highlight the points made above including non 45 degree trend lines:

Sure we are..(on the same page). Those are standard features of BEB4 too.. I highlighted for the sake of understanding. On trendlines, would urge you to look at non 45 degree trendlines that touch at least three points on the charts. These are extremely effective for helping discover trend...

The trick is to do what Dentist is doing. You can control the data used by the Point and Figure charting software. I use Amibroker as my main charting platform and have written a script which just outputs text files of the last one weeks data every 30 seconds for my intraday trading purposes...

Hi Dentist, I went over your entire thread over the last weekend, and discovered, that the Wyckoff method with appropriate box settings works very well for intraday trades rather than the usual 3 box settings that are recommended as a standard in most readings. Must thank you for presenting your...

Hi everyone, I am a day trader from India. I trade NIfty and BankNifty Futures. Of late the markets have been choppy affecting my performance. Hard core believer and practitioner of technical analysis. Have shared my technical learnings on my website, where I also support other small traders as...