P&F charts suck, don't use them...

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
bredin
rank: 1000+ posts
rank: 1000+ posts
Posts: 1032
Joined: Mon Feb 16, 2009 10:41 pm
Reputation: 0
Gender: None specified
Contact:

Postby bredin » Mon Oct 03, 2011 6:55 pm

PebbleTrader wrote:Bredin,

for GBPCHF, it only loads like a few days worth of PnF columns?:

Is this the issue where MT4 creates gaps in the data and there is nothing you can do about it?

Image


It will do as much chart data as you have...

you may need to manually force MT4 to fetch more data from your broker by scrolling as far back as you can: best method is zoom out as afar as you can and hold down PageDown key...

I would not reccomend the history canter download, even though it is quicker.

G.
Welcome to the era of "Guns and Maskies" Trading!
The previous message contains discretion. Viewer nudity is advised.
Insanity Industries Indicators Here
Insanity Industries on YouTube!

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

cmac813
rank: <50 posts
rank: <50 posts
Posts: 8
Joined: Fri May 29, 2009 1:34 am
Reputation: 0
Location: USA
Gender: None specified

Postby cmac813 » Mon Oct 03, 2011 11:53 pm

I'm interested in what you guys are doing with PnF here but I'm completely new and lost about what you guys are talking about. I've read the end of es pips thread when PnF first came up and I've read the beginning of this thread and I'm confused about if you guys are trading the PnF or just using it as extra confidence to take a trade.

Should I stop reading the thread and maybe read a book or something on PnF charts and how to use them or if I read through the thread will that help me more?

The thread looks interesting, now I just need to figure out what you guys are talking about. Thanks.

User avatar
PebbleTrader
rank: 1000+ posts
rank: 1000+ posts
Posts: 1632
Joined: Fri Nov 12, 2010 2:15 am
Reputation: 0
Gender: Male

Postby PebbleTrader » Tue Oct 04, 2011 12:58 am

cmac813,

A book is definitely the place to start. The one I keep seeing suggested over and over is "The Definitive Guide To Point and Figure"

Skip the history of PnF sections and most of the patterns sections and you will be caught up to speed in a day...

We have been trying to take PnF to whole new levels which is probably why it is hard to follow if you don't have a grasp on the basics.

"I'm confused about if you guys are trading the PnF or just using it as extra confidence to take a trade."

That's a question you will probably have to answer for yourself depending on how you wish to use it.
Life is just a journey

cmac813
rank: <50 posts
rank: <50 posts
Posts: 8
Joined: Fri May 29, 2009 1:34 am
Reputation: 0
Location: USA
Gender: None specified

Postby cmac813 » Tue Oct 04, 2011 1:22 am

Thanks for the reply Pebble. I remember you mentioning that book, I'll check it out.

User avatar
bredin
rank: 1000+ posts
rank: 1000+ posts
Posts: 1032
Joined: Mon Feb 16, 2009 10:41 pm
Reputation: 0
Gender: None specified
Contact:

Postby bredin » Tue Oct 04, 2011 1:31 am

I havent read any books on P&F yet, Du Plessis' book is in the mail ;)

Because my trading is supply/demand Im trading right off the P&F charts. Its all a bit easy...

I'd say get stuck in and see what you can see...

G.
Welcome to the era of "Guns and Maskies" Trading!
The previous message contains discretion. Viewer nudity is advised.
Insanity Industries Indicators Here
Insanity Industries on YouTube!

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

zhaozilong
rank: 50+ posts
rank: 50+ posts
Posts: 50
Joined: Sat Jun 25, 2011 11:25 am
Reputation: 0
Gender: None specified

Supply/Demand with P&F

Postby zhaozilong » Tue Oct 04, 2011 2:15 am

bredin wrote:I havent read any books on P&F yet, Du Plessis' book is in the mail ;)

Because my trading is supply/demand Im trading right off the P&F charts. Its all a bit easy...

I'd say get stuck in and see what you can see...

G.


Hello Bredin,

can you describe how do you trade supply/demand off P&F charts, is it similar to seiden's stuff?

have you try your supdem indicator on your P&F chars?

thank you and best regards.

-zhao

zhaozilong
rank: 50+ posts
rank: 50+ posts
Posts: 50
Joined: Sat Jun 25, 2011 11:25 am
Reputation: 0
Gender: None specified

Postby zhaozilong » Tue Oct 04, 2011 2:26 am

cmac813 wrote:I'm interested in what you guys are doing with PnF here but I'm completely new and lost about what you guys are talking about. I've read the end of es pips thread when PnF first came up and I've read the beginning of this thread and I'm confused about if you guys are trading the PnF or just using it as extra confidence to take a trade.

Should I stop reading the thread and maybe read a book or something on PnF charts and how to use them or if I read through the thread will that help me more?

The thread looks interesting, now I just need to figure out what you guys are talking about. Thanks.


hello cmac813 or anyone,

can point me to the thread where es/pips first talk about PnF?

thank you.

-zhao

User avatar
PebbleTrader
rank: 1000+ posts
rank: 1000+ posts
Posts: 1632
Joined: Fri Nov 12, 2010 2:15 am
Reputation: 0
Gender: Male

Postby PebbleTrader » Tue Oct 04, 2011 2:44 am

"can point me to the thread where es/pips first talk about PnF?"

It was MO, I and Jalarupa, I don't think they liked us talking about PnF in that thread so Jalarupa created this thread.

PA, S/R, ZL, EXTREMES & MOMO
Life is just a journey

User avatar
bredin
rank: 1000+ posts
rank: 1000+ posts
Posts: 1032
Joined: Mon Feb 16, 2009 10:41 pm
Reputation: 0
Gender: None specified
Contact:

Postby bredin » Tue Oct 04, 2011 3:15 am

Exactly Like Seiden, no different to any other S/D method.

I have not used the II_SupDem indicator in a very long time

Perhaps you could check it out, I'd hate to do too much work :)

G.
Welcome to the era of "Guns and Maskies" Trading!
The previous message contains discretion. Viewer nudity is advised.
Insanity Industries Indicators Here
Insanity Industries on YouTube!

User avatar
PebbleTrader
rank: 1000+ posts
rank: 1000+ posts
Posts: 1632
Joined: Fri Nov 12, 2010 2:15 am
Reputation: 0
Gender: Male

Postby PebbleTrader » Tue Oct 04, 2011 4:06 am

Bredin:

"The High-Low Method uses the high or the low, but not both. Sometimes both are ignored. Here are the rules for the High-Low method.

When the current column is an X-Column (rising):

Use the high when another X can be drawn and then ignore the low.
Use the low when another X cannot be drawn and the low triggers a 3-box reversal.
Ignore both when the high does not warrant another X and the low does not trigger a 3-box reversal.

When the current column is an O-Column (falling):

Use the low when another O can be drawn and then ignore the high.
Use the high when another O cannot be drawn and the high triggers a 3-box reversal.
Ignore both when the low does not warrant another O and the high does not trigger a 3-box reversal."

Bredin, How did you do it when:

When the current column is an X-Column (rising):

The high can draw another "X", but the low of the same candle can create a reversal?
Life is just a journey

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”