Trading with point and figure

[cantagril]

EG came within a gnat's wodger of getting stopped out but am still in there....just.

Not anymore - stopped at .85 -30

 

[cantagril]

Mornin' all,

You skiving to day Dentist??

After yesterday's fiasco I've been redeeming myself with a few scalps around the 6050 pivot. Doing other stuff for the rest of the day so that that's it for me.

 

[Dentalfloss]

Mornin folks

 

[Dentalfloss]

late start.....again

 

[Dentalfloss]

Dax
A tad messy now
a minor break above the lower blue.the other break could be a fake also

 

[Dentalfloss]

Is that green area Fakeland.?

 

[Dentalfloss]

13540-13620 area

 

[Dentalfloss]

 

[Dentalfloss]

 

[Dowser]

Good Morning Gents, I'm trying to get my head around P&F. My DOW chart is set to 5x3 using 1 minute data. Is this about right or do you think I need more 'granularity'?

 

[Dentalfloss]

Dowser
Trends.....
there is 1 month of data on that chart

 

[Dentalfloss]

 

[Dentalfloss]

yu need to play with inputs and visually optimise the chart

 

[Dentalfloss]

 

[Dentalfloss]

 

[Dentalfloss]

that seems about right

 

[Dentalfloss]

note..the trends down show nicely
price got supported....that would have had to be picked up from a higher input chart
29150-29200 was supp area and price bounced

 

[Dentalfloss]

the recoils were fierce...yu would have probably traded from 1 minute for that

 

[Dowser]

yu need to play with inputs and visually optimise the chart

Many thanks DF, it's complicated by the fact that there are two variables (box size and reversal). I'm just keeping reversal to 3 at the mo, to try and simplify the process. I suppose you have to ask yourself: Given your style of trading, your take profits and your stops and the current volatility, how many points do you consider to be a significant reversal? To me this would be 15-20 points.

 

[Dentalfloss]

missed it.........lol