Eminis PnF

JonnyT

Senior member
2,560 22
Oh Sugar!!!

I think I might have boo booed.

I intended to have a 1x2 chart but I did the working out from a 2x1 chart using 5 point reversals, which of course you cannot do from a 2x1. Why did no one spot this :(

My intention is to take another look and see if there is anything I can do with the damned thing.

However I have successfully tested this on EuroStoxx using 10x2 4 box breaks and got over 300 points in the same period.

Just making sure you are all awake...

JonnyT
 

TBS

Well-known member
385 0
Re: Oh Sugar!!!

JonnyT said:
I think I might have boo booed.

I intended to have a 1x2 chart but I did the working out from a 2x1 chart using 5 point reversals, which of course you cannot do from a 2x1. Why did no one spot this :(

JonnyT
So you are saying a 10 point trading reversal criteria($500)?
 

JonnyT

Senior member
2,560 22
Hi TBS, et al

Forget everything I've written on this thread (apart from EuroStoxx). My head hurts.

JonnyT
 

ianshep

Junior member
17 0
JonnyT said:
56 points I think.

First few trades

S 851 851 0
L 851 851 0
S 851 853 -2
L 853 855 2
S 855 841 14
Ah, that explains it. My pencil recorded one point worse than yours at each reversal point i.e.

S 852 850 -2
L 852 850 -2
S 850 854 -4
L 854 854 0
S 854 842 12

So effectively a six box reversal, using your criterion.

Or looking at it another way, half a point commission/spread and half a point slippage on each transaction would mean operating the system for nothing! (over this small data sample)

Have you tried this for real?

P.S. If the SierraChart is 2x1, why does every column start and finish at an even number?
 

JonnyT

Senior member
2,560 22
Hi Ian,

In reality you would get near zero slippage and near zero spread (set up using limit/stop orders). The commision would amount to less than 1/10th of a point.

Thats the beauty of the eminis.

JonnyT
 

Dippers

Junior member
21 0
Sorry JonnyT - these things happen. It was the amazing results that made me look at it closer. I would expect an 'always in' system like this to average around 400-500 S&P pts a year so 200 pts a month is very unusual.

Mike
 

zambuck

Experienced member
1,608 102
TBS said:


I do all my PnF charts in Excel, easy to read and keep, plus updating them through the day keeps you on top of the price action.

Here is the chart for todays FTSE futures action:



The sell point marked on it is the 5 box reversal as suggested by JT. The red font denotes that the market gapped down first thing.(in this case from a high of 3670 yesterday)
Hi TBS

I use Indexia and Updata TA for p & F charts...but I note that you use excel for these charts...

Could you please explain how do you set it up in excel..I want to create one and test it against charts on indexia and updata....

regards

zanbuck
 

TBS

Well-known member
385 0
Hi JT,

I have knocked up and emini pnf chart for you here:

www.theblindsquirrel.com/charts/sp.xls

The bold entries are the main action, the un-bold are the overnight action.

The chart goes back to something like the 14th of January and still covers 2 and a bit pages (normally 3 months of FTSE).

I havn't worked out any P&L figures on it as I almost lost the will to live just doing the chart!
 

Trader333

Moderator
8,536 909
PnF Charting

Hi All,

Does no-one have an automatic point and figure charting option ? or am I being nieve ?


Paul
 

oatman

Senior member
2,879 22
emini P&F

TBS
Hello mate, what box and reversal are you using please?
 

TBS

Well-known member
385 0
Re: PnF Charting

Trader333 said:
Hi All,

Does no-one have an automatic point and figure charting option ? or am I being nieve ?


Paul
Many of them do, although they come in all sorts of shapes and colours!

The main problem with computer generated ones is that they will only hold so much 'tick' data, rather than daily data, so as your chrt progresses, you lose the historic data - so I prefer to run PnF charts on excel then they don't get lost - unless I trash the machine and have no back-up (been there done that)
 

oatman

Senior member
2,879 22
P&F Real Time update

333

Indexia is what I use, P&F 1min. very accurate from Tenfore Satellite RT feed. Wouldn't be without it. The same developer has initiated Updata TA, but it's **** at the moment for 1 min. RT feeds.
 

TBS

Well-known member
385 0
Re: emini P&F

oatman said:
TBS
Hello mate, what box and reversal are you using please?
That particular chart is 1 point per box, 2 box reversals, judging by the amount of effort it takes to construct the chart and the amount of space it takes up, it is probably a bit too close to the price action and probably needs a bit more optimisation, as I said, I would expect that amount of space to contain a complete FTSE futures contract, rather than 15 days or so of data.
 

oatman

Senior member
2,879 22
Yes, you've got to loosen it a bit . You are right on the price. It's too sensitive. If you're looking for breaks try a 3X3hilo.
I use 2.5 and 3 x3 on Ftse Future. Experiment to cut the whips down.

The other post about time frames...no problem. The feed will give you from 1min. to daily close P&F if you want. Get some good software, it's worth it for accurate data and charts. Pay up a bit, the tools of your trade are a reliable RT price feed and accurate history.
 

TBS

Well-known member
385 0
oatman said:
Yes, you've got to loosen it a bit . You are right on the price. It's too sensitive. If you're looking for breaks try a 3X3hilo.
I use 2.5 and 3 x3 on Ftse Future. Experiment to cut the whips down.

The other post about time frames...no problem. The feed will give you from 1min. to daily close P&F if you want. Get some good software, it's worth it for accurate data and charts. Pay up a bit, the tools of your trade are a reliable RT price feed and accurate history.
I'll leave it to JT :cool:

I used to have a reuters terminal on my desk, but the tick data became inaccurate when they overloaded the satellite system, so I chucked it out, quite happy with FSxtra at the moment, it does what I need it to do, now that I am more than happy with my systems (in general) I tend to do less and less work with historical data.

If you need historical data, this site is quite useful

http://www.traders2traders.com
 
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